Quicksilver news and archive

Quiksilver plans for reorganization waits for creditor approval

California-based retailer Quiksilver has been working on putting a reorganization plan in motion. The surfwear and action sports brand has a hearing set for January 27 in U.S. bankruptcy court. The reorganization plan is now up to creditors to decide before mid-January, according to WWD. The company filed for bankruptcy earlier this year in...

Business

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...

BusinessFeatured

Quicksilver's quest for financial turnaround expedites Ampla's sale

As part of its plan to restructure business and exit the bankruptcy it entered in September, surf inspired brand Quiksilver Inc. is asking a bankruptcy court to approve the sale of its Ampla running shoe brand to a pair of former executives for 200,000 dollars. Former executives at the Californian surf fashion group Rob Colby - president of...

Business |REPORT

Quicksilver reports decline in Q2 revenues

Net revenues, at Quicksilver were 333 million dollars compared with 397 million dollars in the second quarter of 2015. Net revenues were down 2 percent, or 5 million dollars, on a constant currency continuing category basis. Net revenues in Americas, as reported, were 160 million dollars compared with 186 million dollars, down 4 percent or 6...

Business

Quicksilver's investor demands it put itself up for sale

Consac LLC, an unhappy investor in Quicksilver Inc has called for the clothing chain to put itself up for sale after it lost almost three-quarters of its value in the past year. Ryan Drexler, Consac’s president, sent a letter to Quiksilver saying the company should find a buyer “in order to preserve diminishing shareholder value before...

People

President Pierre Agnes promoted as CEO at Quiksilver

Quiksilver promoted its President Pierre Agnes to the position of Chief Executive Officer (CEO) and added Agnes to its Board of Directors. He succeeds Andy Mooney who is no longer with the company. In addition, Greg Healy, Quiksilver's APAC Region President, has been promoted to President of the company, and Bob McKnight has been appointed new...

BusinessFeatured

Quiksilver revenues decline 11 percent in FY14 and Q4

REPORT_ Quiksilver has reported that for the full year of fiscal 2014 ended October 31, 2014, versus the full year of fiscal 2013, net revenues, were 1.57 billion dollars compared with 1.81 billion dollars, representing a decrease of 11 percent, or 189 million dollars, on constant currency continuing category basis. For the fourth quarter, net...

Design

Quiksilver Q3 revenues decline, announces corrective measures

REPORT_ Quiksilver net revenues for the third quarter were 396million dollars compared with 488 million dollars, representing a decline of 19 percent, or 96 million dollars, in constant currency. Americas net revenues decreased 27 percent to 191 million dollars from 261 million dollars, and were down 26 percent in constant currency. EMEA net...

Design

Quiksilver Q4 net revenue down 9 percent

REPORT_ For the fourth quarter Quiksilver net revenues were down 9 percent. Gross margin increased to 47 percent of net revenues compared with 45.6 percent of net revenue in the fourth quarter of the previous year. For the fourth quarter Americas net revenues decreased 15 percent, EMEA net revenues decreased 6 percent and APAC net revenues...

Design

Quicksilver in licensing agreement with Li & Fung´s firm

Quiksilver, Inc. announced Tuesday that it has entered into a licensing agreement with LF USA, a subsidiary of Hong Kong-based Li & Fung Limited. The deal will allow LF USA’s Kids division to design, manufacture and market children’s apparel under the Quiksilver and DC brands. “With strong brand heritage and consumer appeal, Quiksilver and DC...

Fashion

Surf's up for Quicksilver results

Quicksilver on Friday announced operating results for the third quarter ended July 31, increased 7% to $564.9 million, from $528.6 million in the third quarter of fiscal 2007. Robert B. McKnight, Jr., President of Quiksilver, Inc., commented, “Our performance overall was in-line with our expectations and we are relatively pleased to deliver...

Fashion

Quicksilver Acquires Rossignol

Fashionable sportswear brand Quiksilver has announced a deal to buy Rossignol Group, a French skiing gear and winter sports goods company, for about $320 million, or $25.50 per share. Quiksilver's acquisition of Rossignol is expected to create a force in sports fashion products ranging from apparel to equipment. "We share the same passion for...