With Chairman Ian Pollard calling this year the “most challenging period in the company’s history,” surf apparel giant Billabong released financial statements earlier this week that valued the brand as essentially worthless.
A handful of other brands under the Billabong umbrella — including Element skateboards — were also written down to a zero valuation, according to the statements.
With the bleak news, company stock fell 60 percent from last year, ending the day midweek at a few pennies over fifty cents per share … More
www.stokednews.com
The roar of the powerboats could be heard for the last time off Cowes on Sunday when one of the biggest races in the calendar, the Cowes to Torquay race, sets off.
The 53rd running of what is regarded as the world’s toughest offshore powerboat race could be its last, as organisers, the British Powerboat Racing Club, have said they may not run it again, blaming the tough economic climate.
But the Island has its chance to show how much it enjoys the event by turning out to see the drama of the start … More
www.stokednews.com
2GNAR TEXAS FLATLAND SKIMBOARDING presents .. CREEK DAZE
Come join 2GNAR on a summer long adventure. We had a really rad summer down here in Texas. July we had North Carolina and DB team rider Garret Young come down and stay with us for a week, Then in August Germany’s Beach Breakers and DB team rider Fridrich Fluh made the journey down to Texas while on his North America tour, fluh was in Texas for a whole month! also The 5280 Colorado skimmers came down once again. What a blast this past summer has been, skimming, getting footy and having fun with friends from all over the globe. Super fun times. Check out what we were able to capture along the way. CREEK DAZE.
“for me the creek was like a Fata Morgana but the only difference between a Fata Morgana and the creek was that the creek really exists..this is how I think about the creek no illusion it’s really like a paradise” – Friedrich Fluh
www.stokednews.com
Today we’re going surfing. Surfing is one of the few sports that most Alaskans haven’t tried. Our water is freezing, our beaches are rocky and there aren’t many places to catch good waves.
None of that kept Robert Stormo from doing it. He recently took up surfing in Alaska for the first time after being stranded on Saint George Island for seven days due to poor flying conditions. On the sixth day, Stormo and his co-worker … More
www.stokednews.com