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Erica Hossieni

Erica Hossieni The New Face For Flip Flop Shops

Twenty-two-year-old Surfer Erica Hosseini recently signed a deal to become the new face fro Flip Flop Shops, a retail chain that exclusively sells sandals from brands such as Reef, Sanuk and O’Neill.

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kailee bradstreet

CIT Group CEO

CIT Secures $4.5 Billion Credit Facility

CIT Group Inc. announced Thursday, Oct. 29,  that it has secured $4.5 billion in additional financing from lenders, according to an article posted on Yahoo.com:

“CIT is trying to restructure its debt before another $800 million of obligations come due at the beginning of November. The lender to about a million small and mid-sized businesses is looking at either filing for bankruptcy, or getting its current lenders to agree to new terms on their debt.

The new facility matures in 2012, and is backed by an estimated $30 billion of assets, which are also supporting a $3 billion loan the company received over the summer.

The $4.5 billion financing is a setback for activist investor Carl Icahn, who also had been trying to lend to the company.

CIT said the proceeds will be used to refinance some of the company’s existing secured debt, which it may have to pay off as it restructures debt. The loan will allow the company to continue serving the small and medium sized companies it lends to, the company said.

The 101-year-old company is trying to restructure its liabilities by getting investors to forgive at least $5.7 billion of debt and exchange their securities for new notes before October 29. Investors held about $30 billion in unsecured debt at the end of June, and the company had about $70 billion of assets at the time.”

kailee bradstreet

Nicholas Roma, Steamboat Springs

Steamboat Names New Terrain Park Manager

Industry terrain park veteran, Nicholas Roma, has been named to the position of Terrain Park Manager for the Steamboat Ski & Resort Corporation.

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kailee bradstreet

Bear Mountain snow making

Bear, Snow Summit, Mt. Rose Open This Weekend

Bear Mountain and Snow Summit will open Friday in Big Bear Lakes, California, and Tahoe’s Mt. Rose will run its first lift Saturday, October 31 - each with early season lift ticket pricing.

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kailee bradstreet

Charmcity Skate Shop Owner Jason Chapman

Top Sellers: Baltimore’s Charmcity Skatepark and Shop

Charmcity’s Jason Chapman shares what’s been selling at his Baltimore, Maryland-based shop.

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kailee bradstreet

Slide Actionsport and Streetwear Retailer Show

Slide Retailer Show Dates Changed To Late January

The wintersports trade show Slide, created and held by Snowsport Industries of Great Britain, announced that it will hold the show nearly two weeks earlier than last year, from January 27-29.

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kailee bradstreet

Tosh Townend

Tosh Townend Signs With O’Quinn Clothing

O’Quinn Clothing has just signed pro skater and accomplished surfer Tosh Townend to the team.

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kailee bradstreet

Vans Logo

VF Corp Q3: Vans Sees Double Digit Growth

A transcript of VF Corp’s Q3 conference call reveals positive numbers for several of the company’s brands, including Vans.

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kailee bradstreet

Zoo York

Iconix To Buy Majority Stake In Ecko Clothing

The Iconix Brand Group, parent company to Op and Mossimo, announced plans to purchase 51 percent of Marc Ecko’s clothing company, parent of the brand Zoo York, for $63.5 million.

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kailee bradstreet

Ryan Mahoney, Boardworks Surf

Ryan Mahoney New Sales Rep For Boardworks Surf

Boardworks Surf announced today that Ryan Mahoney will fill the position of Southern/Central California Sales Rep.

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kailee bradstreet

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November 20, 2009, 4:04 pm

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