CIT: Acquires SoCal-based One West Bank
SDSI: Sports and active lifestyle employment outlook.
MLA: Legal risk management of staging modern sports experiences in non-traditional settings.
Details on Industry Insight.
Editor’s note: Our goal at Shop-eat-surf is to share different views from people involved in the ongoing Billabong turmoil. Here are a few links to previous stories about the situation: Meet Acting Billabong Americas President Colin Haggerty, Industry back Paul Naude, Karen Sarver exits Billabong
One of the things I’ve been most curious about in the Billabong saga is how the other brands owned by Billabong have been navigating the company’s difficulties.
Element Founder Johnny Schillereff decided to speak publicly about the situation for the first time today.
Below, he answered some questions for me, including why he has stayed at Element despite the corporate problems.
I've been with the brand since day one, why would I leave now with such big change coming around the corner? With more than 20 years of unwavering commitment to the brand, it's well worth seeing it through this particular phase.
Element needs me now more than ever in these challenging times. Intimate leadership, and my unconditional relationship with the brand are critical, especially now.
My relationships run deep with our staff and team riders. Our people need honest conversations, and consistent communication. They trust me, and these are the times to stand strong. I would have a hard time comprehending walking away from the Element family. These are the times when true commitment shows.
Lastly, people who know me well know I'm a communicator, deeply passionate about the brand, and our culture. The day Element loses its soul is the day I'm not involved. I'm confident we will flourish through this, and grow. It’s part of our journey.
I think it's probably more important now than ever before. The founder’s role is critical to any brand with a story, and true authenticity. Without the backing, and participation of the very individuals who dreamed it all up, it's typically a scam. Hollister is a great example of that.
I've never understood the concept of buying someone’s business based on the opportunity that the founders built, then putting them in a corner with some crayons and not listening to them.
Fortunately, the Billabong organization has incredible founders who live and die by their brands, and they are being heard. Founders have nothing but the best intentions for their brands, and care deeply, why would anyone not want to channel that?
See Page 2 for Johnny's take on some positives that have come from all the changes