This article reads like a press release or a news article and may be largely based on routine coverage .(December 2018) |
The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations .(December 2018) |
Founded | 1997 |
---|---|
Founder | Andy Laats and Chad DiNenna |
Headquarters | , United States |
Products | Wristwatches, Accessories, Apparel |
Website | www |
Nixon is an American watches, accessories and audio brand, founded in 1997 in Encinitas, California, United States. [1] Focused on the youth lifestyle market. Currently sold in 80 countries worldwide,[ citation needed ] Nixon maintains stand-alone retail stores in Berkeley, California as well as Bondi & Melbourne, Australia and Kuta, Bali.
Nixon was founded by Andy Laats and Chad DiNenna.
Both Laats and DiNenna worked in the action sports industry and were introduced through mutual people[ clarification needed ] working in those circles. Laats, a former snowboard product manager at Burton with an engineering degree from Cornell University, was in the process of earning his Master of Business Administration (MBA) from Stanford University when he and DiNenna met to discuss the startup of Nixon. [2] DiNenna, originally from Southern California, had studied communications at California State University, Long Beach and previously worked in publishing at TransWorld Media for five years prior to the launch of Nixon. [3]
Laats and DiNenna raised nearly US$1 million from venture capitalists to start Nixon and, in 1997, the debut catalog was released; seven models were released through 200 retailers. Nixon opened a subsidiary in France in 2000, and by 2005 had 90 models, and 60 employees, with sales growing by 55 percent annually. [4]
In December 2006, Nixon was acquired by Billabong International for approximately US$55 million and a deferred payment of approximately US$76 million in FY 2012. [5]
During the spring of 2012, after six years under the Billabong umbrella of brands, Nixon once again became an independent brand. Nixon established an agreement with Trilantic Capital Partners (“TCP”) and Billabong, each of which now owns a 48.5% stake in the brand, with the balance 3% held by Nixon management, including Laats and DiNenna. [6] The resulting transaction values Nixon at approximately US$464 million, representing a multiple of approximately 9.2x LTM EBITDA. [7] [8] [9]
Nixon sells many models of wristwatches, digital and analog, for men and women, with movements from Japan and Switzerland. [10]
In 2009, Nixon released its first audio products with a line of headphones and has since expanded to include portable speakers.
The Nixon Surf Challenge started out as a group of Nixon team riders and has since developed into an annual invite-only event.
Since 2000, Nixon has hosted the Surf Challenge near the Spanish/French border in San Sebastián, Spain and has featured a €10,000 prize purse. For its ten-year anniversary, the event was brought to Lofoten Islands, Norway. In 2012, the contest was brought to La Graciosa in the Canary Islands of Spain.
Jibbing is the snowboarding term for performing skateboarding-inspired tricks, like sliding on obstacles. Conversations to create the event first came to Nixon via Jeremy Jones, JP Walker, and Dave Downing in the late 90s[ citation needed ] ultimately resulting in the creation of the Nixon JibFest.
In 2011, after an eight-year hiatus, the Nixon JibFest returned. The revitalized contest featured a new custom course, new riders and a new jibbers playground. It was documented for a web series that launched on vice.com [11]
Snowboarding is a recreational and competitive activity that involves descending a snow-covered surface while standing on a snowboard that is almost always attached to a rider's feet. It features in the Winter Olympic Games and Winter Paralympic Games.
Billabong is an Australian term for an oxbow lake, an isolated crescentic pond left behind after a river loop is cut off when the river channel changes course. Billabongs are usually formed when the path of a creek or river changes due to bank erosion, leaving the former channel deprived of further inflow and becoming a dead-end gully holding only residual water that has not yet drained or evaporated. As a result of the arid climate of many parts of Australia, these "dead rivers" often fill with water seasonally but can be dry for a greater part of the year.
Robert Kelly Slater is an American professional surfer, best known for being crowned World Surf League champion a record 11 times. Slater is widely regarded as the greatest professional surfer of all time, and holds 56 Championship Tour victories. Slater is also the oldest surfer still active on the World Surf League, winning his 8th Billabong Pipeline Masters title at age 49.
Quiksilver is a brand of surf-inspired apparel and accessories that was founded in 1969 in Torquay, Victoria, but is now based in Huntington Beach, California. It is one of the world's largest brands of surfwear and boardsport-related equipment. The parent company changed its name in March 2017 from Quiksilver, Inc. to Boardriders, Inc., and is the owner of the brands Quiksilver, Roxy and DC Shoes. In 2018, Boardriders acquired Billabong International Limited, gaining the Billabong, Element, Von Zipper, RVCA and XCEL brands.
Fossil Group, Inc., is an American fashion designer and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil also makes licensed accessories for brands such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange.
Rip Curl is a designer, manufacturer, and retailer of surfing sportswear and accompanying products, and a major athletic sponsor. Rip Curl has become one of the largest surfing companies in Australia, Europe, South America, North America and South Africa. Globally, Rip Curl is considered a successful member of the "Big Three", of the surf industry alongside Quiksilver and Billabong.
Volcom is a lifestyle brand that designs, markets, and distributes boardsports-oriented products. Volcom is headquartered in Costa Mesa, California, U.S. The brand is known for its trademark stone logo, its slogan True to This, and the Let the Kids Ride Free campaign. Todd Hymel is the CEO of Volcom.
Billabong International Limited is an Australian company focused on surfing, primarily a clothing retailer that also produces accessories, such as watches and backpacks, and skateboard and snowboard products under other brand names. Founded in 1973 by Gordon and Rena Merchant, the company first traded on the Australian Securities Exchange in August 2000. The name "billabong" is derived from the Wiradjuri word bilabaŋ that refers to a "creek that runs only during the rainy season". As of September 2013, Von Zipper, and Element were two of the prominent brands that Billabong owns. Honolua Surf Company, Kustom, Palmers Surf, Xcel, Tigerlily, Sector 9, and RVCA were the company's other brands. In 2018, Billabong International Limited was acquired by Boardriders, Inc, owner of rival brand Quiksilver.
Burton Snowboards is a privately-owned snowboard manufacturing company that was founded by Jake Burton Carpenter in 1977. The company specializes in products aimed at snowboarders, such as snowboards, bindings, boots, outerwear, and accessories. The company, whose flagship store is in Burlington, Vermont, was privately owned by Jake Burton Carpenter, until his death in 2019, and by his wife, Donna Carpenter, who has been active in the business since 1983.
RVCA is a Costa Mesa, California–based clothing company owned by Boardriders.
Le Petit-Fils de L.-U. Chopard & Cie S.A., commonly known as Chopard, is a Swiss manufacturer and retailer of luxury watches, jewellery and accessories. Founded in 1860 by Louis-Ulysse Chopard in Sonvilier, Switzerland, Chopard has been owned by the Scheufele family of Germany since 1963.
Hurley is an American company that sells clothes and accessories marketed towards surfing and swimming. Established in 1979 as a distributor for Billabong clothing in the United States, Hurley was sold to Nike, Inc. in 2002 for an undisclosed price and then to Bluestar Alliance LLC in 2019 for an undisclosed price.
West 49 Inc., is a Canadian specialty retailer of fashion and apparel, footwear, accessories, and equipment related to the action sports lifestyle. The company was founded in 1987 as Jumbo Entertainment, Inc. to manage the Jumbo Video franchised video stores. It adopted its current name in 2004 following the sale of its entertainment assets to Quebecor.
Teton Gravity Research (TGR) is an extreme sports media company based in Jackson Hole, Wyoming. The company was founded in 1996 by brothers Steve and Todd Jones, as well as friends Dirk Collins, Rick Armstrong, and Corey Gavitt. The group launched the company to create products that came from the perspective of athletes, showcased youth culture, and fostered the growth of high-risk action sports.
John Paul Walker, or JP, nicknamed "The Don", is a professional snowboarder from Salt Lake City, Utah. In the late 1990s he was instrumental in reviving the jib movement.
Sun & Ski Sports is a United States-based specialty sporting goods retail company headquartered in Stafford, Texas. Established in 1980, Sun & Ski Sports currently has 31 stores stretching coast to coast across 12 states. They offer a wide variety of products but specialize in skiing, snowboarding, cycling, hiking, running gear, and watersports. Their mission is to provide an elevated shopping experience through exceptional customer service, first-hand expertise, and competitively priced brands ready to perform for any adventure.
Tillys is an American retail clothing company that sells an assortment of branded apparel, accessories, shoes, and more. Tillys is headquartered and operated from Irvine, California.
VonZipper is a subsidiary of the American surfing brand Boardriders, Inc., and specializes in eyewear for surfing, skateboarding, skiing, and snowboarding - sunglasses, goggles, and optics. It was founded in 2000 in San Clemente, California.
Haydenshapes Surfboards is an Australian performance surfboard brand founded by Hayden Cox in 1996. Haydenshapes' most notable design is the Hypto Krypto model, and the brand is known for their use of parabolic carbon fibre frame surfboard technology FutureFlex. The Haydenshapes core team of professional athletes include influential free surfer Craig Anderson (Quiksilver) and surfer Creed Mctaggart (Billabong).
Limited Snowboards was a Canadian snowboard brand founded in Toronto in 1993 by Perry Gladstone and Ricardo Camargo. Limited Snowboards Inc. and its successors distributed snowboards bindings, boots, clothing and accessories under the brands Limited and LTD.