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Parent company of K2, Volkl, Line, Full Tilt, BCA, and Marmot announces plan to sell or close its winter sports businesses

Newell Brands, a global consumer goods company, announced plans this morning via a press release to sell about 10 percent of its portfolio, including its winter sports businesses K2 Sports, Marker/Volkl, BCA, Line Skis, Full Tilt, and Marmot. If Newell can’t find buyers midway through next year, these brands, which CEO Michael Polk has referred to as “distractions,” will face the chopping block.

Skiers are good with uncertainty. Will this old cheese make me puke? Eh, worth it. Will this cliff drop wreck me? I hope not, but let’s see. But the news from Newell introduces a whole new level of unknowns. By the end of 2017  …  More

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Apple’s ambitions to take on Tesla in the electric car space, Uber in the self-driving space, and in general, to pivot into the auto industry have not been exactly a secret over the past year, but few had any idea how Tim Cook would go about doing this. Today, the FT reveals that the world’s most valuable company plans to transform the auto industry by purchasing British supercar maker and Formula One team owner, McLaren technology.

According to the FT, Apple has been working on a self-driving electric vehicle for more than two years, is considering a full takeover of McLaren or  …  More

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Entrepreneurialism;  Along with being perhaps the most annoying word to pronounce and spell, entrepreneurialism has also become this generation’s most desirable pursuit. The allure of striking gold with a prospective preneur has led to an exodus of switched-on folks turning their backs on traditional, “boring” career paths. Why work for the proverbial Man when you can pave your own way, right?

Surfing; While surfing’s groovy, counterculture origins are rapidly being replaced by mainstream jock glory, its incepting aura still remains. Flipping the bird at the Man is   …  More

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It was announced today that Whistler Blackcomb is the newest resort to join the Vail Resorts conglomerate, with Vail Resorts Inc. purchasing Whistler-Blackcomb Holdings for $1.39 billion CAD.

With this acquisition, Vail Resorts now owns the two largest ski resorts in North America: Whistler, which tops out at 8,171 skiable acres, and the combined area of Park City and Canyons (now branded under Park City), which–following Vail’s finalization of their purchase of PCMR were merged into   …  More

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