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Archive for the ‘Business news’ Category

In the latest shake-up in the surf industry, parent company Nike announced Tuesday, Oct. 29, that it has sold Costa Mesa-based Hurley. The surfwear brand, created by Huntington Beach native Bob Hurley, has been under Nike ownership since 2002.

The announcement stated the company “has reached a definitive agreement to sell the Hurley brand to   …  More

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And have you been following along with the dizzying fall of WeWork’s wonderfully eccentric co-founder and now ex-CEO Adam Neumann? Oooooee. Fast and furious. The Israeli-born entrepreneur was introduced to us almost a year ago by Derek Rielly, who wondered if he wasn’t the “most important man in surfing.” He had developed a warm friendship with Laird Hamilton, investing in his Laird Superfood non-dairy creamer and also threw near fourteen million dollars at Wavegarden   …  More

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SCOTTS VALLEY, Calif. (BRAIN) — About two months after announcing that it planned to reinvest in its bike helmet and accessory brands, Vista Outdoor has layed off 14 people at its Scotts Valley facility, which houses the Bell, Giro and Blackburn headquarters. The layoffs represent about 10% of the work force at the facilty.

According to sources at the company who spoke with BRAIN, the layoffs were across departments at Bell, Giro and Blackburn, including employees in engineering, design, testing and marketing. The layoffs included several long-serving manager in those departments, the sources said…

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If you live east of the Mississippi, your home mountain might be under new ownership…

Big business news hitting in the middle of summer today with the announcement of Vail Resorts acquiring 17 ski resorts previously owned by Peak Resorts coming down the pipe. If we only would have known $264 million would have bought us all that property   …  More

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