By TIFFANY MONTGOMERY February 16, 2012 03:30 PM Billabong just announced it has sold just over 50% of Nixon. It will also close stores and reduce headcount. The company indicated in another release that it is not pursuing the nonbinding offer to buy the whole company by private equity firm TPG that was the subject of news reports this week. Here is information from financial documents the company filed. I added the headings for clarity. Nixon sale On 17 February 2012 the Group announced that it had entered into definitive agreements with Trilantic Capital Partners for the sale of approximately 48.5% of Nixon. The Group will retain 48.5% of Nixon, while Nixon’s management will purchase a ...
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ORANGE 21 ANNOUNCES CORPORATE NAME CHANGE TO SPY INC., STOCK SYMBOL CHANGE TO “XSPY” So Calif. Eyewear Co. Punctuates Focus on Core Brand with Eponymous Return For Immediate Release: Feb. 10, 2012 CARLSBAD, Calif.—Orange 21 Inc. (OTCBB: ORNG) today announced that it has changed its corporate name to SPY Inc., effective Feb. 15, 2012, and has received preliminary approval to change its stock symbol to “XSPY” (OTCBB: XSPY), effective that same date. On Feb. 6, 2012, Orange 21 Inc., a Delaware corporation, filed a Certificate of Ownership and Merger to effect a merger of the Company’s wholly-owned subsidiary, SPY Inc., with and into the Company, and to change the Company’s legal name to “SPY ...
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By TIFFANY MONTGOMERY February 10, 2012 07:47 AM The industry turned out for the SIMA Image Awards at The Grove in Anaheim Thursday, with nominees hoping to take home a coveted Image award. Several brands showed their dominance in their categories again this year. Hurley won the closely watched Men’s Boardshort of the Year for the fourth year in a row, L*Space won Women’s Swim Brand of the Year for the fifth year in a row, Channel Islands won Surfboard of the Year for the fourth year in a row, Billabong Girls won Women’s Apparel Brand of the Year for at least the fourth year in a row and RVCA won Men’s Apparel Brand ...
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By Devon O'Neil and Colin Bane XGames.com ASPEN, Colo. -- Nothing any athlete did at Winter X Games Aspen 2012 was going to cure the emptiness in their guts. Not the medals they won, not the memories they shared, not the tears they shed. The spirit of freeskiing's godmother, Sarah Burke -- who died Jan. 19 at age 29 after a fall in the Park City, Utah, halfpipe -- was everywhere this week. It didn't matter what your sport was, it didn't matter whether you were 15 or 50; the action-sports community united to mourn one of its heroes in Burke, a woman who personified class, grit and grace. It didn't get easier as ...
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The countdown to Winter X Games has begun. Live coverage begins Thursday night at 9:00 pm EST on ESPN!
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Surfline.com has announced Wave of the Winter finalists from this December's entries. What November lacked in swell December made up ten fold with the North Pacific serving up a series of banger swells. Household names like Julian Wilson, Slater and John John bagged waves worthy of the finals as did some underground chargers like New York's Balaram Stack and Maui's own Ola Eleogram. In the running as expected were North Shore locals/lunatics Mark Healey and Reef McIntosh. Check out this link for full video and voting capabilities. Enjoy....
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By TIFFANY MONTGOMERY January 11, 2012 05:45 AM How to describe the Zumiez 100k party in Keystone Colorado last night? The annual party rewards the top Zumiez’s store employees who sell more than $100k during the year. It’s a frenzy of hundreds of young people with energy and enthusiasm mixed with wacky costumes, creative and funny games and videos during the awards ceremony, nearly every action sports star athlete on the planet and nearly every CEO of brands carried by Zumiez. Spend a few hours at the party and it is so clear why Zumiez has dominated the mall and taken market share from teen competitors. First of all, it’s so real. The kids aren’t pretending ...
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By: Steven Hughes, Social Media Today The sun is about to set on 2011. The Social Media Rocket is moving at warp speed. Let’s take a look back at some Social Media Favorites. Well, at least they were some of my favorites. These networks didn’t necessarily originate this year, but they made their presence felt and/or were cutting edge. Empire Avenue – The social media game where individuals and businesses buy and sell virtual shares of each other. Your share price is based on share trading activity coupled with your influence on the major Social Networks. The trading is done with virtual dollars called eaves. There are dividends, shares outstanding, and share price graphs ...
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By Jon Coen ESPN.com Even more changes are afoot with the seemingly ever-changing structure of the Association of Surfing Professionals. It seems that the ASP, which implemented a mid-season rotation as part of its new format in 2010, including more prize money and the One World Ranking, has now deactivated that rotation for 2012. This means that the elite 32 surfers of the ASP World Tour will stay on for an entire year. The primary reason cited has been "scheduling uncertainties." "We believe that the 2011 rotation brought in some incredible talent that proved they deserved to be amongst the world's best with their performances throughout the back half of the year. However, the instability ...
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Joli: John John Florence was the man to beat, putting up two 10's and then giving Kelly Slater a serious fight. 19-year-old John John Florence, surfing in his first-ever Vans Triple Crown, became the youngest surfer to win the overall title on Saturday. Florence, who ushered in an era of super young surf stars when he made the cover of Surfer Magazine in 2004, has matured into one of Hawaii's greatest stars, especially at Pipeline. The famed reef just steps from his home. Florence surfed brilliantly through the Billabong Pipeline Masters day one and two with two perfect tens and a 9.93 in the biggest swell for this event in recent history. On December 6, ...
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By TIFFANY MONTGOMERY November 26, 2011 10:07 AM Editor's note: The National Retail Federation reported Sunday that a record 226 million shoppers visited stores and websites over Black Friday weekend, up from 212 million last year, according to a survey. The average holiday shopper spent $398.62, up from $365.34. Total spending reached an estimated $52.4 billion. I hit the Irvine Spectrum Center and South Coast Plaza on Black Friday to check out the overall scene and also to see how some industry stores and competitors approached the day. I must confess, I did not show up in the wee hours of the morning, though I heard from several people who did that stores that opened ...
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Published: November 3, 2011 at 1:30 AM PDT By Ed Keller Imagine you have an important marketing investment decision to make, and you have what you think is clear and compelling evidence. Then, you subsequently learn that in fact you are overestimating the impact of your investment by as much as 40%. You'd be pretty upset. This is what may be happening today as marketers seek to understand and quantify the impact of their social media investments, according to a new analysis by MarketShare Partners. It is one of several thought provoking points put forth by Pat LaPointe, EVP at MarketShare, in a recent piece in the Journal of Advertising Research (JAR) about the relationship between "traditional" and "social" ...
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