The company, which said it has been on an aggressive path to a turnaround following its emergence from bankruptcy last year, also has plans to open the first Boardriders store in the Americas in Malibu.
A judge seeks to remove any potential wrench in the action-sports company’s bankruptcy proceedings by sending discord over the company’s worth to mediation.
The running shoe, called Ampla, was never brought to market but two former executives have put in a bid to buy it.
The action sports company was also approved for another $10 million as it continues to wind its way through bankruptcy reorganization.
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The action sports brand's woes raise the question: Is the sector suited to big companies?