Former Billabong CEO Derek O’Neill is teaming up with Paul Naude to create a new, rival brand to Billabong. O’Neill was a long, long time employee for Billabong establishing the brand in Europe amongst other duties, and Naude was president for the Americas and led a rival bid to takeover …
Coastal Capital Wants A Piece Of That Billabong Action
Because things weren’t quite screwed up enough, a new player has emerged in the battle for Billabong. Coastal Capital which hold a 5% stake purchased about a month ago has requested an Extraordinary General Meeting to discuss throwing out most of the board and replacing them with their own people. …
Is Billabong’s Brand Value Really Zero?
You might have caught the news recently that after some pretty significant write downs, Billabong and it’s brands are being valued at effectively zero. In other words, they have worked 40 years for something of no value… In money terms anyway. But is it actually true? After reading this BRW …
Billabong’s Rival Bidders Just Wont Go Away
Billabong’s late-to-the-party second suiters seem desperate to recreate Days Of Our Lives in the business pages. Unable to let go, and certain that the match up is meant to be, Centerbridge Capital is pulling out all the stops with a new deal they just know will mean the company will …
Grind Media Closes Skateboarder Magazine
Grind Media announced on August 19th that they will be closing Skateboarder Magazine. It’s the second closure since the publisher purchased Transworld back in May, the first closure being Transworld Surf. Norb Garrett published a video announcement explaining the decision, which you can view below. He cites difficult business conditions …
Red Bull Illume 2013 Finalist Gallery
Red Bull’s 2013 Illume photography contest has announced their 250 finalist shots over on this site. There’s some epic photos from some of the best in the world, like Scott Serfas, Blotto, Adam Moran, Gabe L’Heureux, as well as some relatively unknown crew. The 2013 competition is the third time …
Altamont Takes Control And Installs Scott Olivet At Billabong
Photo: Scott Olivet, former CEO at Oakley. Billabong has a future! Although it will be one that’s a little different than what they planned. Altamont Capital have partnered with Blackstone to offer up a $325 million bridging debt facility. In addition, the Bong will get with a further $70 million …
It’s Over For Transworld Surf
Transworld Surf is currently working on its last print issue. The new owners, Grind Media, who purchased the company a month ago has said that they didn’t think it was feasible to run …
Element Founder Johnny Schillereff, “It’s not all bad”
The founder of Element, Johnny Schillereff, has come out to publicly support Laura Inman and the management at Billabong against the tsunami of negative press they have been …
Quik Is $32 Million In The Hole For The Year
Quiksilver announced its fourth consecutive year of losses, this time bringing in $459 million, but managing to be $32 million in the red. The losses of the last four years total $117 million …
Billabong Needs A Loan – BRW Knows Someone
BRW have released their annual Rich 200 list and if you flick over to page 110, Billabong founder Gordan Merchant is there at a sizeable $325 million. He made that from selling some …
Billabong Buyers Walk Away
Shares in Billabong plummeted 58% after the announcement that no buyout would be proceeding. The two suitors have walked away although there is still talk of some asset …
Dose Talks Ashbury With The Founders
The Network A show, Dose, has sat down with Nima Jalali, Lance and Michael Hakker to talk about the founding and direction of Ashbury. No doubt one of our favorite brands …
New Leatherman Rime Snow Tool
There’s a new snow tool about, and I’m not talking about the guy in the all over print pants/jacket combo. It’s from Leatherman, makers of the best multi-tools (to my knowledge …
Billabong Starts Selling Retail
In another sign that the negotiations with Paul Naude and other suitors may not be progressing well, Billabong has started to push forward with the sale of some of its retail …
Transworld Sold To Grind Media
In a piece of very interesting industry news that broke yesterday, Bonnier Corp. sold Transworld to the owners of Surfer, Snowboarder and Skateboarder, Grind Media. In a great …
No News But Things Get Worse For Billabong
There’s still no news on progression of the talks between Billabong and it’s potential buyers. But the news around the brand isn’t improving. Three news items in the last week …
Ten Years Of Monster Children
Monster Children is celebrating a decade in existence and are doing so in style with this hookup. Chocolate have released a special, limited edition board with artist Evan Hecox and …
Goggles With Heads Up Display Sure To Cause Hilarity
By now you are sure to be aware of Google’s Glass project, the head mounted, voice activated display. The Age ran an article yesterday about snow goggles which have heads up display and …
Paul Naude And Billabong Continue Negosh
We were due an update yesterday on the situation at Billabong after the 10 day exclusive negotiation period ended. This morning we have word that talks between Paul Naude and Billabong …
Job Seekers In The Surf Industry, Look Here
A dedicated employment site for careers in the surf industry has launched. Troy Roennfeldt founded the site which allows companies to list jobs and job seekers to create resumes and set up …
Billabong, Where To From Here?
Billabong has entered exclusive negotiation with Paul Naude and, all going well, he is likely to begin the unenviable task of trying to return the business to the powerhouse …
Paul Naude Frontrunner In Billabong Talks
The Financial Review is reporting that Paul Naude backed by Sycamore Partners is the frontrunner in the bid to buy Billabong. They are reported to be looking at 73c a share, over …
Billabong Receives Low Bids, Close To Deal
Billabong shares are back in a trading halt pending an announcement from the company about the two offers it has received. One from former Billabong US boss Paul Naude and backed by Sycamore …
Rad Nike SB Eric Koston 2 Commercial
Nike SB have released the new shoe for Eric Koston. The Eric Koston 2 is a similar clean style to the EK1 and contains a lot of similar features – chek the product photos above. The commercial …
Billabong Shares In Trading Halt After Steep Decline
Billabong put a trading halt on its shares yesterday after the company saw 20% of it’s price disappear in the morning. Starting at 81c, it got down to 63c before rebounding to 69.5c just …
Rumors Of Team And Brand Cuts At Quiksilver
There’s quite a few articles around today speculating about some changes at Quiksilver and DC. Those changes include 30 staff going, the majority of their surf team (excluding guys like Kelly Slater), their entire …
Ep. 2 Of ‘Take A Super Model To Work’ With Kate Upton
I’m not even sure what I’m seeing with this clip… The second episode of ‘Take A Supermodel To Work’ features Kate Upton, Outkasts Big Boi and NFL Wide Receiver Stevie Johnson. There’s a lot of headphones and people …
Warehouse Sale – Feb 8th to 10th 2013
The guys behind Ashbury, Airblaster, Stereo and more are holding a bit of a warehouse sale in Melbourne this weekend. Starting on Friday February 8th and running to the 10th, the sale might be worth checking out if you’re …
2013 Jobs At Falls Creek
I’m sure there’s gigs going at a few of the mountains at the moment however this was the tweet that caught my eye. Falls Creek have got a couple of roles up for the season including Resort Brand …
Vans Owner VF Corp Makes Billabong Offer
UPDATE: A few more details about the bid have come out. It is actually an offer from Altamont Capital Partners who has signed on former Oakley and Nike executive D. Scott Olivet to lead the bid. VF Corp …
Nitrus Agency Seeking Account Management And Support Person
Nitrus Agency, the Australian representatives for Supra, Kr3w, Vestal, Starter, Mitchell & Ness and Obey to name a few, are seeking a new employee. The company is run by Mick and Hayley Barrett – two of the raddest people in the …
Nick Woodman Owns GoPro – Worth Over $1Bn
Ever wondered who owns GoPro? Me neither! Until I came across this article on Nick Woodman who founded the company and is now worth more than a billion dollars. Those crazy little cameras that poke off the …
Paul Naude’s Billabong Bid Is On
Former Billabong director and head of US operations Paul Naude has put in a $1.10 per share bid for his former company. The offer is reliant on a lot of things going right and effectively values the company at …
Red Bull’s Athlete Machine
Red Bull have released this clip featuring a set of their athletes including Pat Moore, Joey Brezinski and Ryan Sheckler who form part of their athlete machine. A lot of the clip is quite slow …