Hypebeast buys majority stake in Berrics

[natenola forever]

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"We were sitting in there one day. It was a rainy Saturday. It was Eric, myself, and about 15 other guys. It’s like, man, if a bomb blew up in this place, skateboarding would be done. It was all the best dudes in the world, right?"
-sb

Classic Berra hyperbole and delusions of grandeur regarding not only himself, but Californian pro skateboarders.

[close]

Say Eric Koston drown in a swimming pool later this week, could you imagine saying "rest in peace eric koston" in like a year like for Harold or PStone? Fuck that.

I've never seen that quote before but it's completely ripped from a 90s quote from Rodney Mullen that if World Park blew up right now skateboarding would be setback a bunch of years, kinda lame if Berra really stole that shit and tried to claim it

[Sold Out]

I can't help but wonder if this deal is Koston selling his shares...

[MexicanSpaniard]

the quotes, the 'trailer', this is just way too much Stephan berra for one day

[fang]

Haven't seen that trailer in like 15 years. Looks like a cry for help (that no one will answer)

[lampshade]

The fuck is Hypebeast? Bunch of nobodies?

Dude, it's obviously a beast that is hyped. 

[Atiba Applebum]

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The fuck is Hypebeast? Bunch of nobodies?

[close]

Dude, it's obviously a beast that is hyped.

It seems like it’s a bunch of Asian American girls that repost brands’ press releases with bad titles and worse subtitling

[Robert Baratheon]

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https://techcrunch.com/2018/02/20/culture-juggernaut-hypebeast-takes-a-majority-stake-in-the-berrics-to-make-skating-huge-again-still/

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Currently, when you walk into The Berrics through its unassuming front door and down a short hallway you come right into the high-ceilinged park itself. Each section of the walls lining the space is sponsored. Here is a faux 7-11 storefront, there a chunk of wall decorated with the Red Camera logo — a favorite of Berra who is also an accomplished filmmaker.

[close]

Since when?

[close]

He probably told them to add that.

[close]

call me crazy but i feel like i remember a trailer for a movie by steve berra after the credits of cky2k-circle of people all pointing guns at each other?
am i trippin?

[close]

[close]

This could just be a sizzle reel for investors, or the film was shot and couldn’t get distribution.  Maybe now Berra can live his 90s dreams of being a indie Chateau Marmont denizen

You sell your family out for Scientology and the subsequent hollywood connections and all you can get out it is Leo Fitzpatrick and some shakey VX cinematographer? Bum deal.

[Atiba Applebum]

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https://techcrunch.com/2018/02/20/culture-juggernaut-hypebeast-takes-a-majority-stake-in-the-berrics-to-make-skating-huge-again-still/

Expand Quote

Currently, when you walk into The Berrics through its unassuming front door and down a short hallway you come right into the high-ceilinged park itself. Each section of the walls lining the space is sponsored. Here is a faux 7-11 storefront, there a chunk of wall decorated with the Red Camera logo — a favorite of Berra who is also an accomplished filmmaker.

[close]

Since when?

[close]

He probably told them to add that.

[close]

call me crazy but i feel like i remember a trailer for a movie by steve berra after the credits of cky2k-circle of people all pointing guns at each other?
am i trippin?

[close]

[close]

This could just be a sizzle reel for investors, or the film was shot and couldn’t get distribution.  Maybe now Berra can live his 90s dreams of being a indie Chateau Marmont denizen

[close]

You sell your family out for Scientology and the subsequent hollywood connections and all you can get out it is Leo Fitzpatrick and some shakey VX cinematographer? Bum deal.

Hah I was thinking about this too.  My guess is, he failed on his own, then hooked up Xenu and got a spot on Felicity.  Surprised he doesn’t try and claim he used to work with JJ Abrams

[VHS ERA]

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"We were sitting in there one day. It was a rainy Saturday. It was Eric, myself, and about 15 other guys. It’s like, man, if a bomb blew up in this place, skateboarding would be done. It was all the best dudes in the world, right?"
-sb

Classic Berra hyperbole and delusions of grandeur regarding not only himself, but Californian pro skateboarders.

[close]

Say Eric Koston drown in a swimming pool later this week, could you imagine saying "rest in peace eric koston" in like a year like for Harold or PStone? Fuck that.

I mean, yea.

I’m not even a big Koston guy and Steve Berrics quote was delusional but yea Koston would be celebrated forever like those guys, probably more.

[poowizard]

stephen of steve

[andocom]

Who was the poster that always had the breakdown of financial matters, need him to clarify this.

On a quick read it looks like:
Hypebeast puts in $750K for 51% of the JV
The Berrics puts in their business (valued at $2.4M) for 49%
The new JV assumes $1M debt/liabilities from the Berrics.

So I guess they sold 51% of the berrics for $1.75M, or is it $1.25M since they are still on the hook 49% of the $1M liabilities.

[sid vicious]

i feel sorry for sebo wasting all that paint on the mural

[Dwyck]

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"We were sitting in there one day. It was a rainy Saturday. It was Eric, myself, and about 15 other guys. It’s like, man, if a bomb blew up in this place, skateboarding would be done. It was all the best dudes in the world, right?"
-sb

Classic Berra hyperbole and delusions of grandeur regarding not only himself, but Californian pro skateboarders.

[close]

Say Eric Koston drown in a swimming pool later this week, could you imagine saying "rest in peace eric koston" in like a year like for Harold or PStone? Fuck that.

Do ppl actually think like this? like no one would miss koston because he's mean on IG and plays golf

[shark tits]

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"We were sitting in there one day. It was a rainy Saturday. It was Eric, myself, and about 15 other guys. It’s like, man, if a bomb blew up in this place, skateboarding would be done. It was all the best dudes in the world, right?"
-sb

Classic Berra hyperbole and delusions of grandeur regarding not only himself, but Californian pro skateboarders.

[close]

Say Eric Koston drown in a swimming pool later this week, could you imagine saying "rest in peace eric koston" in like a year like for Harold or PStone? Fuck that.

[close]

Do ppl actually think like this? like no one would miss koston because he's mean on IG and plays golf

far as i'm concerned he died when he pick up the sand wedge

[thomas kook]

i wonder if one of the conditions was that berra has to reply to every instagram post that meets his eyes. just saw him comment 'so Rad, ben!!' on a picture of him kissing his dad. seems auto comment bot-y to me now that i think of it actually, the same 5 generic phrases on every fucking post. maybe borphy hooked him up

[KoRnholio8]

[SkateChimney]

I hope this means they'll start carrying Vetements in their shop.

Lmao

[Salty Lame Ass Poosey]

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The Company

The Company was incorporated in the Cayman Islands with limited liability and the shares of the Company have been listed on the GEM of the Stock Exchange since 11 April 2016. The Company is a digital media company which is primarily engaged in (i) the provision of advertising services to brand owners and advertising agencies on its digital media platforms; and (ii) the sale of third-party branded clothing, shoes and accessories on its e-commerce platform.

Hypebeast, Inc.

Hypebeast, Inc. is a company established in Delaware, the United States and an indirect wholly-owned subsidiary of the Company. It is principally engaged in the digital media segment in the United States.

[close]

tax dodgers

Dela-Where?

[roba]

I hope this means they'll start carrying Vetements in their shop.

and virgil abloh nikes

[Willie]

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The Company

The Company was incorporated in the Cayman Islands with limited liability and the shares of the Company have been listed on the GEM of the Stock Exchange since 11 April 2016. The Company is a digital media company which is primarily engaged in (i) the provision of advertising services to brand owners and advertising agencies on its digital media platforms; and (ii) the sale of third-party branded clothing, shoes and accessories on its e-commerce platform.

Hypebeast, Inc.

Hypebeast, Inc. is a company established in Delaware, the United States and an indirect wholly-owned subsidiary of the Company. It is principally engaged in the digital media segment in the United States.

[close]

tax dodgers

[close]

Dela-Where?

[calvinsdream]

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"We were sitting in there one day. It was a rainy Saturday. It was Eric, myself, and about 15 other guys. It’s like, man, if a bomb blew up in this place, skateboarding would be done. It was all the best dudes in the world, right?"
-sb

Classic Berra hyperbole and delusions of grandeur regarding not only himself, but Californian pro skateboarders.

[close]

Say Eric Koston drown in a swimming pool later this week, could you imagine saying "rest in peace eric koston" in like a year like for Harold or PStone? Fuck that.

[close]

Do ppl actually think like this? like no one would miss koston because he's mean on IG and plays golf

[close]

far as i'm concerned he died when he pick up the sand wedge

Glad somebody said it.

[shark tits]

Expand Quote

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The Company

The Company was incorporated in the Cayman Islands with limited liability and the shares of the Company have been listed on the GEM of the Stock Exchange since 11 April 2016. The Company is a digital media company which is primarily engaged in (i) the provision of advertising services to brand owners and advertising agencies on its digital media platforms; and (ii) the sale of third-party branded clothing, shoes and accessories on its e-commerce platform.

Hypebeast, Inc.

Hypebeast, Inc. is a company established in Delaware, the United States and an indirect wholly-owned subsidiary of the Company. It is principally engaged in the digital media segment in the United States.

[close]

tax dodgers

[close]

Dela-Where?

[close]

dela-cratic

[GAY]

Cayman, my ass!

[DannyDee]

Who was the poster that always had the breakdown of financial matters, need him to clarify this.

On a quick read it looks like:
Hypebeast puts in $750K for 51% of the JV
The Berrics puts in their business (valued at $2.4M) for 49%
The new JV assumes $1M debt/liabilities from the Berrics.

So I guess they sold 51% of the berrics for $1.75M, or is it $1.25M since they are still on the hook 49% of the $1M liabilities.

I hope this means they can finally pay people so we get Biebel and Leo’s push parts. More likely they just in serious debt to banks and couldn’t make the payments.

[VHS ERA]

Lol. It’s happening

[fulltechnicalskizzy]

Natalie Portman in V for Vendetta like a slightly less sexy Sean Pablo

[shit_for_brains]

Remember that movie Closer where Sean Pablo almost shows her butthole

[Atiba Applebum]

Lol. It’s happening

Science Fiction so good, Berra’s interested in joining the author’s religion

[Francis Xavier]

Remember that movie Closer where Sean Pablo almost shows her butthole

Mmhmmm

[Tabletop]

For  $750,000. I wonder how much more valuable the business would have been 5 years ago. Anyway, two things I don't care about becoming one bigger thing I don't care about is kind of nice, one less thing for me to not care about.

 

Care factor = 0 x 0 = 0