SP said..

Tux said..

SP said...

Interesting article http://www.ocweekly.com/news/how-quiksilver-lost-its-soul-and-ended-up-in-bankruptcy-court-6910851

The chapter 11 is only relevant to the US part of Quicky...apparently once its done and dusted they will be able to write that part of the business off and it should alleviate a lot of the fiscal issues the Aussie side has

You are right Quik is essentially 3 divisions, US, Europe and Aus / Asia. The US arm is the one filing for a Chapt 11 or relief from their creditors...

I know that writing off the debt sounds like a great solution, especially for the corporate Bankers that now own Quik but the debt they are trying to avoid, that debt is owed to people that supplied goods and services to Quik on good faith of being paid.

So basically the corporate bankers get to not pay people who have worked for Quik and then use that to rebuild the company so they get a big fat boner Cheque to spend on coke and whores... The only winner here is Oaktree Capital.

And the hookers and coke dealers

More on Quik

My personal opinion is that they aren't surfing labels anymore they are corporate owned clothing companies and to be honest i think i will be taking more care to spend my money elsewhere.



www.smh.com.au/business/companies/quiksilvers-us600-mln-refinancing-gets-court-tick-20160129-gmgh13.html

I get my board shorts from woollies.

stuff paying good money to look like tool when you can pay a third to look like a tool




besides, its how you wear it that counts not what you were

That's why I buy my boardies at lowes $10 and super stylish and comfy too

laceys lane said...

SP said..

Tux said..

SP said...

Interesting article http://www.ocweekly.com/news/how-quiksilver-lost-its-soul-and-ended-up-in-bankruptcy-court-6910851

The chapter 11 is only relevant to the US part of Quicky...apparently once its done and dusted they will be able to write that part of the business off and it should alleviate a lot of the fiscal issues the Aussie side has

You are right Quik is essentially 3 divisions, US, Europe and Aus / Asia. The US arm is the one filing for a Chapt 11 or relief from their creditors...

I know that writing off the debt sounds like a great solution, especially for the corporate Bankers that now own Quik but the debt they are trying to avoid, that debt is owed to people that supplied goods and services to Quik on good faith of being paid.

So basically the corporate bankers get to not pay people who have worked for Quik and then use that to rebuild the company so they get a big fat boner Cheque to spend on coke and whores... The only winner here is Oaktree Capital.

sucks doesn't it.

sadly those people who lost out will line up again with the same company.

seen this happen in the building game

Yep building industry is about the worst, shonky developer can't pay, company goes bankrupt and he just starts again meanwhile the poor buggers that worked for him and sold him goods on credit cop the actual cash loss.

But the biggest thing for me out of it is why buy this stuff, the brands are hardly surf focused anymore, they are clothing labels that use surfing to sell clothes. I was hardly a big buyer of surf stuff anyway, always tried to support the little guy but definitely makes me want to avoid quik-bong the future.

asea said..

laceys lane said..
I get my board shorts from woollies.
stuff paying good money to look like tool when you can pay a third to look like a tool
besides, its how you wear it that counts not what you were

How about the art work

it unique because nobody buys it .

everyone else is too busy getting the stuff everyone else has

Don't forget aldis I bought two pairs a cpl weeks ago for under 15 bucks each and they are great actually better than lowes but not on sale all the time although I've already got paint on one pair which is not unusual for me as I wear them to work as well

Check out smile clothing. Basic stuff, relatively cheap but for everything you buy a kid gets clothing in a third world country. Good stuff that doesnt really happen much any more

It's not a thread, it's a tv show that was just on called "countdown to life" and I would not normally mention anything about it here because it's all about human embryonic development, however , when they were showing a preview of next weeks show, there was a picture of Laird Hamilton.

That's got me really intrigued, what on earth would he be doing on an English science doco?

I had no intention of missing the next episode because it relates to one of the most interesting aspects of development, but now there's another reason not to miss is.

16 minutes of history..

www.abc.net.au/4corners/surfing---1964/2833746?site=50y

I have to ask,what happened to Cobra,dose anybody know,was he banned or just had enough?

Macaha said..
I have to ask,what happened to Cobra,dose anybody know,was he banned or just had enough?

Not sure. But lets start a thread on Souths and how crap they are - that should bring him back

SP said..

Tux said...
Cracking read....

http://www.surfermag.com/features/no-template-ryan-burch/#i2lLoOLVvVchS1KY.97

Good find,
I started reading that and thought been going for a while and was only half way through..

If I only I got get someone to sponser me to make surfboards...pretty sure no ones ever going to sponser me to surf lol

Tux said...

SP said..

Tux said...
Cracking read....

http://www.surfermag.com/features/no-template-ryan-burch/#i2lLoOLVvVchS1KY.97

Good find,
I started reading that and thought been going for a while and was only half way through..

If I only I got get someone to sponser me to make surfboards...pretty sure no ones ever going to sponser me to surf lol

Yeah, he is living the dream...
I can't believe he still has every board he has shaped.

Speaking of big waves SP - what size board would yo ride out here

Swellnet: How big is it forecast to get on Monday?
The swell looks pretty big Sunday, Monday, and Tuesday. Sunday looks like it could get up to around 80 foot and Monday and Tuesday look like it could get up to the 100 foot mark.
No doubt about it, it looks big. But what about those winds?
It looks like there is going to be a fair bit of wind with a few moments of light winds. We'll have to watch carefully and choose when we go out.
So no matter what, you reckon you'll get a go out?
We're definitely planning to go out there and give it a crack as that's what we're here for. But obviously if the winds are way too strong and the ocean is mess, well, riding 100 footers will have to be put on hold.
What board will you'll ride?
We have a board designed by Jarryd and Chapstar surfboards. It's a 5"11 tow board with more thickness then your average tow board. We thought we would do something different to eliminate the chops down the wave and it seems to be working. The board weighs about 12 kilos with all the weights on it.

http://www.swellnet.com/news/swellnet-dispatch/2016/02/06/firing-line-mick-corbett-nazare