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Archive for the ‘Clothing & Soft Goods’ Category

When a company has been family-owned for as long as Body Glove has, it’s hard to imagine what it would look like under any other circumstances.

So when we got word earlier this month that the iconic surf brand had been acquired by New York-based acquisition and development company Marquee Brands, we had some questions on how Body Glove would make that transition—especially with so many of the Meistrell family members still guiding the ship   …  More

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It’s a lot like insecurities. You feel like you’re naked but no one else notices.

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Melbourne law firm Gadens has urged aggrieved major shareholders in SurfStitch to provide details about private briefings with the board and senior management as it investigates whether to launch a $500 million class action claim.

Gadens partner and chief counsel Glenn McGowan QC wants to know what SurfStitch chairman Howard McDonald told shareholders in a series of private briefings the week before the company warned that earnings could fall 61 per cent.

While some shareholders complained   …  More

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SurfStitch, an online market for surfers, action sports enthusiasts, and people who just want to look the part, is wiping out BIG time. The e-commerce company that was once “ripping it” on the stock market, has become a cautionary tale, by losing over $500 million in value, since November of last year.

When Australian surfer Lex Pedersen and investment banker Justin Cameron launched SurfStitch in 2008, they hoped to become   …  More

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