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Archive for the ‘Business news’ Category

The Titans of Mavericks big-wave surf contest appears to be done for the foreseeable future. Contest organizers Cartel Management Inc. and Titans of Mavericks LLC filed for Chapter 11 bankruptcy on Tuesday, according to a filing in U.S. Bankruptcy Court.

According to NBC Bay Area, the contest organizer’s financial standing was already bringing the viability of this year’s contest into question before the bankruptcy filings with unpaid bills, unpaid permits and lawsuits.

According to a statement released today, “Since 2014, up to $3 million has gone into  …  More

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Last Friday, surfboard glassing factory Global Glassing in Oceanside, Ca. went up in flames in a chemical fire. One of the surfboard manufacturing industry’s go-to glassers in Southern California, the $500,000 in damage is sure to be a boon for the holiday surfboard industry.

Surfboard manufacturing is an already under-appreciated industry, and when laurels are given they are typically to the shapers and not the glassers   …  More

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This year has been a busy one in terms of acquisitions within action and adventure sports.

It’s no secret that consolidation is happening within our industry, but some of the brighter stories are also found within companies taking their business private once again (Electric), and smaller brands scaling their business with reinforced infrastructure (Salty Crew).

Below, a look back on the year that was 2016   …  More

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Apple poached the technical director of Porsche’s race car program earlier this year, Manager Magazine said on Friday, hiring a project manager who helped engineer the sports car company’s victorious return to the Le Mans endurance race.

Alexander Hitzinger is the latest auto specialist to be recruited by technology giant Apple as it explores   …  More

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