The Billabong story continues today as the company announced that it has ended talks with Sycamore Partners and Altamont Capital Group to sell the company in its entirety. After re-instating trading of its stock, Billabong saw a 51.65% drop from $0.45 per share to $0.22 per share, as of the time this was published.
Layoffs were reported as a result of the cost cutting strategy the company is implementing, and more potential layoffs are anticipated, according to reports.
The company is … More
New study measures financial payoff of Oregon small town events
A recent study in Oregon measured the effects of mountain bike races on the local economies. The research by Linfield College Professor Jeff McNamee documents the economic benefits of mountain biking events in the small Oregon towns of Bend and Oakridge. He also surveyed customers of a mountain bike tour company in Bend.
Oregon’s rural communities, particularly communities that once relied on timber revenues, are seeking new business models to sustain themselves, and many are looking to … More
Grindmedia, a division of Source Interlink Media, acquires TransWorld
Adds TransWorld Motocross, TransWorld Ride BMX, TransWorld SURF, TransWorld SNOWboarding, TransWorld SKATEboarding, TransWorld Business, TransWorld.tv to Action/Adventure Sports Media Properties
Surfersvillage Global Surf News, 21 May, 2013 : – – San Clemente, CA — GrindMedia, the leading action/ adventure sports media company, is excited to announce the acquisition of TransWorld’s action sports brands from Bonnier Corporation. Acquired brands include TransWorld SURF, TransWorld SNOWboarding, TransWorld SKATEboarding, TransWorld Ride BMX, TransWorld Motocross and TransWorld Business. This strategic acquisition positions GrindMedia as … More
Ducatisti: do you want the good news or the bad news first? The bad news is that the market for motorcycles 500cc and up is down 17% worldwide for the first quarter of this year, which means the “good” news is that Ducati is only down 5% for Q1 2013.
Not exactly the start out of the gate that Audi was hoping for its newly acquired two-wheeled brand, but what are you going to do? Western Europe is a mess, with Spain and Italy continuing to go down like a…well, you know.
Even the American market is … More