American investment management firm Oaktree Capital Management announced the full acquisition of the Australian surf company Billabong. The deal is worth $299m (A$380), and has been officially confirmed by Billabong International Limited. Oaktree already holds 19 percent of the shares in Billabong. The acquisition is made through Boardriders, the firm owned by Oaktree that controls Quiksilver, […]
Scotland wants a Wavegarden. The artificial wave technology might be heading to Ratho, near Edinburgh. The capital city of Scotland is sometimes blessed by North Sea swells but, this time, the waves are coming from an inland source. A disused quarry located near Ratho could be the perfect spot for the surf pool powered by […]
The capital of New South Wales will have a Wavegarden surf pool by 2018. There are roughly 200,000 surfers in Sydney. The new man-made wave park will be built at Sydney Olympic Park, and the entire structure will occupy an area of 3.2 hectares on an abandoned car park located near ANZ Stadium. Urbnsurf Sydney […]
Who needs pills when you’ve got surfing? A group of French doctors and health care providers is prescribing surfing to their patients. And the overall results are quite impressing. We knew surfing is good for your health. Late Dorian “Doc” Paskowitz had already taught how riding waves could increase our quality of life. As a doctor […]
Surfwear giant Quiksilver Inc. has filed for bankruptcy in the United States. Global asset management firm Oaktree Capital Management is taking over. Quiksilver has always been one of the most prestigious surf brands in the planet. It is part of the surf culture, and its name is written on the most relevant pages of competitive […]
The 2015 ISA World Surfing Games are ready to go in Playa Popoyo, Nicaragua, from May 31st to June 7th. Over 150 male and female surfers from 25 countries will have the chance to defend the colors of their national flags in one of Nicaragua’s finest surf breaks. Each nation is represented by four men […]