Sponsors
Billabong ▲ +0.010 | PPR ▲ +2.40 | American Apparel ▲ +0.31 | The Buckle ▲ +0.25 | Columbia ▼ -0.26 | Deckers Outdoor ▲ +1.49 | Dicks ▲ +1.44 | Foot Locker ▲ +1.55 | Genesco ▲ +1.88 | Iconix Brand Group ▼ -0.22 | Jarden Corp ▲ +0.74 | Nordstrom ▲ +1.75 | Luxottica ▼ 0.00 | Nike ▲ +2.58 | Pacific Sunwear ▲ +0.01 | Skullcandy ▲ +0.31 | Sport Chalet - 0 | Urban Outfitters ▲ +0.85 | VF Corp ▲ +1.45 | Quiksilver ▲ +0.13 | Zumiez ▲ +0.48 | Macys ▲ +1.31 | Tillys ▲ +0.11 |
Ticker Sponsor
Readers Say
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
Industry Insight

AGENDA: GroupY's Emerge brand-building conference returns on Jan. 6.
SURFRIDER: "Protect What You Love" holiday appeal.
MOSS ADAMS: Plan now for tax season.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Michael Tomson on Volcom news

By Tiffany Montgomery
May 02, 2011 10:30 AM

We asked industry veteran Michael Tomson, co-founder of Gotcha, what he thinks of Volcom selling to French luxury brand company PPR.

 

Michael Tomson: "This is good news - finally Volcom has an opportunity to trade up to its potential.

 

"For years the brand with the highest authenticity rating in our industry has underwhelmed investors with mediocre financial results and a less than aggressive disposition towards growing the brand.

 

"Why? Probably because the original owners/operators would have had to step out of their comfort zone (core products for core stores) and into a theater of operations that is more complex and challenging. Taking a $300m brand to $1b requires different skills and a different mindset. But it looks to me like Volcom found the right partner to make that happen.

 

"PPR is clearly a high end brand collective. They're top soil traders - Gucci, Alexander McQueen Puma etc - none of them down market. And nor is Volcom. In fact it's no surprise they targeted Volcom as an acquisition - along with Burton it's the brand with highest authenticity per dollar of sales in action sports.

 

"PPR joins VF and Nike to become the third mega player taking a position in action sports. Youth culture drives the future, and interim ups and downs notwithstanding, that means action sports will draw attention.

 

"And now Wooly gets to go on more boat trips ... maybe buy an island, set up a camp, take people on trips ...

 

"Hey, I'm up for that part. ..."

 

 

 


Articles You Might Have Missed