Quiksilver news and archive

UPDATE: Quiksilver takes over rival surfwear business Billabong

London - Boardriders Inc, the parent company behind skate and surfwear brands Quiksilver, Roxy and DC Shoes is set to take over rival surfwear label Billabong with the aim of creating 'the world's leading action sports company.' Boardriders announced it has signed a definitive agreement to take over all the shares of Billabong International...

Report

Quiksilver makes 150 million USD bid for Billabong

London - Quiksilver made a 150 USD dollar (110 million pounds) takeover bid for Australian rival Billabong. Boardriders Inc, the parent company behind surf and skatewear brands Quiksilver, Roxy and DC shoes, has made an indicative bid to acquire all of Billabong shares, others than those already owned by Boardriders’ related companies, at 1 USD...

BusinessFeatured

Quiksilver moves forward with new name change Boardriders

As Quiksilver exited bankruptcy early last year, the surf brand has continued in making strides forward as a company. Under new ownership the California-based brand just announced that it will re-brand under the company name Boardriders Inc. Just a year ago, the company had announced it was heading towards Chapter 11 Bankruptcy, which usually...

ManagementFeatured

Good news for Quiksilver: the surfwear Brand will exit bankruptcy this month

2016 is definitely looking brighter than 2015 for Quiksilver. The surfwear retailer has seen its reorganisation plan approved by the United States Bankruptcy Court for the District of Delaware, having now set the date for its exit of bankruptcy for early February. The chief executive of the apparel retailer happily broke the news, advancing that...

Report

Bankruptcy settlement closer than ever for Quiksilver

Quiksilver Inc. is reportedly close to reaching a deal with its creditors. While the surfwear brand’s senior creditor, Oaktree Capital Management LP, has agreed to pay 14 million dollars in cash as well as a small percentage of the equity in the reorganised entity. Meanwhile, Sources close to the matter quoted by Bloomberg said that a group...

Management

Quiksilver negotiates with banks loan for post-bankruptcy

Quiksilver Inc. is negotiating with banks for a loan that would help finance its business after it exits bankruptcy, according to two people with knowledge of the matter. As reported by Bloomberg, Bank of America Corp. and JPMorgan Chase & Co. are among lenders discussing an asset-backed credit line for the company, said the same sources. The...

Report

Oaktree may buy Quiksilver out of bankruptcy

While surf brand Quiksilver is attempting to turn things around since their filing for bankruptcy, Oaktree Capital is looking to step in. The Los Angeles-based investment firm is seemingly settling up to buy Quiksilver Inc. out of bankruptcy. Quiksilver filed with the U.S. Bankruptcy Court in September due to the retailer’s outstanding debts. In...

Business

Quiksilver to be removed from NYSE

Huntington Beach, Calif.-based company Quiksilver will be removed from the NYSE on October 12. NYSE reported the action to the Securities and Exchange Commission in a filing on Tuesday. Quiksilver recently filed for Chapter 11 bankruptcy on September 9. The company's stock was suspended from trade during that time. The bankruptcy on file is...

BusinessFeatured

Quiksilver files for bankruptcy as part of the deal with new investment firm owner

Californian surfwear retailer Quiksilver Inc. has put its US business into bankruptcy Wednesday as part of the deal with newly announced owner, Oaktree Capital Management. “After careful consideration, we have taken this difficult but necessary step to secure a bright future for Quiksilver,” said Pierre Agnes, Quiksilver’s chief executive, as...

BusinessFeatured

NYSE's ultimatum to Quiksilver: 6 months to recover the stock ́s value

Quiksilver, Inc. (ZQK), announced that on July 10, 2015, the company was notified by the New York Stock Exchange (NYSE) that their common stock is not in compliance with the NYSE’s continued listing standard that requires a minimum average closing price of 1.00 dollars per share over a period of 30 consecutive trading days. With this scenario,...

Fashion

Just One Eye unveils Julien David and Quiksilver collaboration

It's been three years in the making, but fashion and art destination Just One Eye is now a destination for surfers, and can add brand builder to its list of accomplishments. The collaboration between London-based designer Julien David and Southern California-based sports wear company Quiksilver was finally revealed, and it is certainly something...

Business

Quiksilver to sell Surfdome to SurfStitch group

Sports apparel and footwear retailer Quiksilver said Tuesday it will sell its majority stake in Surfdome, an online retailer of action sports products, to Australian-based SurfStitch Group. The company expects to generate net proceeds of nearly 16 million dollars for its equity interest, loans and other amounts due from this sale. As part of the...