Posts tagged as quiksilver

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    Tuesday, November 3rd 2015

    Oaktree to hire advisors for possible Quik takeover

    by Markus Huber

    Oaktree Capital Management is said to be hiring AlixPartners to advise on a possible acquisition of Quiksilver. As reported, Oaktree lent the ailing boardsports company some $175 million to enable it to keep the operational business running. Quiksilver filed for bankruptcy in September. Bloomberg says, however, that other investors might be interested in a Quik […]

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    Monday, October 19th 2015

    Quik: U.S. court gives go-ahead to Oaktree proposal

    by Markus Huber

    A bankruptcy court in Delaware has approved the proposal of Oaktree Capital Management and bank of America to fund the continuation of bankrupt Quiksilver’s operations. The financial deal is, as reported, worth $175 million. Additionally, the court allowed another $10 million loan which is designed for payments to vendors critical to the surf company’s ongoing […]

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    Friday, October 16th 2015

    Quiksilver denies rumors of possible Billabong merger

    by Markus Huber

    Beleaguered board sports group Quiksilver, which filed for bankruptcy a few weeks ago, has excluded the possibility of a merger with Australian competitor Billabong International. The rumor was fueled after Oaktree Capital, which holds 18.7 percent of Billabong shares, is said to have helped refinance Quik through a deal worth $175 million. Bankers won’t exclude possibility of a […]

  • Thursday, September 3rd 2015

    Quiksilver needs a buyer to get back on track

    by Markus Huber

    According to Bloomberg, the Californian marketer of brands Quiksilver, DC and Roxy action sports, is about to put itself on the block. The group has reportedly hired a consultancy firm which has been assigned to find additional financial resources. The company’s stock value dropped by three quarters over the current year.The publication does not name its […]

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    Monday, March 30th 2015

    Quick changes at Quiksilver

    by Markus Huber

    Andy Mooney is no longer chief executive of boardsports company Quiksilver. This came after unsatisfactory quarterly figures presented last week. Equally, Richard Shields, chief financial officer, has resigned to accept new professional opportunities. To replace Mooney, the group which also markets the DC and Roxy brands has appointed Pierre Agnes as CEO. Agnes has been […]

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    Wednesday, March 11th 2015

    Quiksilver shareholder calls for sale of the company

    by Markus Huber

    Ryan Drexler, who holds through his co-owned Consac company some two million shares in boardsports company Quiksilver, has – again –urged the executive board to investigate opportunities to sell the group. He reportedly also did this four months ago and has now repeated his request in a letter to Quik’s chief executive Andrew Mooney. Drexler seems to be unhappy […]

  • (C) ROXY

    Friday, December 12th 2014

    Quiksilver still in the red, but cuts losses

    by Markus Huber

    Action sports group Quiksilver expects for the outgoing financial year (Oct. 31) total sales of between $1.48-1.55 billion. For the fourth quarter, turnover dropped by 16 percent to $400.7 million. On the other hand, Quiksilver, along with its affiliated brands DC and Roxy, managed to reduce its net loss to $51.6 million compared with $171.1 […]

  • Wednesday, November 12th 2014

    Quiksilver pulls out of Surfdome retail operations

    by Markus Huber

    Quiksilver intends to sell its majority stake in action sports retailer Surfdome to SurfStitch. The deal, worth some $16 million, is set to work on condition that SurfStitch acquires the remaining outstanding shares in Surfdome as well. Quiksilver’s divestment is part of the group’s strategy to concentrate on its brands Quiksilver, DC and Roxy. In financial 2013-14, […]

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    Friday, September 5th 2014

    Quiksilver writes a loss over late deliveries

    by Markus Huber

    It apparently needs more time to get board sports company Quiksilver back riding the peak. For its third quarter ended July 31, the California-based company suffered sales declines for all brands and regions as far as continuing operations are concerned. Net sales declined by 19 percent to $396 million over last year’s third quarter. In the […]

  • Wednesday, April 2nd 2014

    Kelly Slater leaves Quiksilver to create own apparel brand with Kering

    by Markus Huber

    After 24 years of sponsorship by Quiksilver, Kelly Slater has ended the relationship, effective April 1. He will collaborate now with the French Kering group, the holding behind luxury, fashion and sports brands such as Gucci, Brioni, Puma, Cobra and many more. Slater said that Kering would enable the 42-year-old surf champion to develop his […]