84 layoffs hit surf industry’s biggest brands following Boardriders sale

  • 📰 ladailynews
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 59%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

There’s a tsunami of change happening in the surf industry rooted in Orange County, the latest layoffs hitting Billabong, Quiksilver, Roxy and RVCA.

Following a purchase by Authentic Brand Group, 84 positions throughout Boardriders have been eliminated, mostly from Huntington Beach and Costa Mesa offices. Eighty-four positions were eliminated at Boardriders Wholesale LLC Inc.- the umbrella company that owned Quiksilver, Billabong, Roxy, RVCA and a handful of other action-sports brands. The layoffs follow theThe layoffs, which started in September and will continue through October, are happening in the Huntington Beach and Costa Mesa offices.

Vipe Desai, executive director of the Surf Industry Members Association, said the long transition of the sale left a sense of uncertainty within the company for the past year. “I don’t think they care who owns what,” Desai said. “It’s only the people who follow it or want to talk negatively about what is happening because something they love is being disrupted.”’Its products — once sold exclusively at core surf shops — now are popping up at discount retailers, ranging from tweezers, face care and pool toys. A Hurley-branded sweater collection was recently spotted at Costco selling for $14.99.

in the 70s from the brand’s Australia founder Alan Green, building up the brand from a Newport Beach bedroom, selling boardshorts to surf shops out of McKnight’s VW bus.He bought the licensing rights and built into a $100 million business, and 16 years later in 1999 created his own brand, Hurley, which was later sold to Nike and in 2019 sold to Bluestar Alliance.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 332. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités