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Quicksilver Acquires Rossignol

By FashionUnited


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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 outdoor sports, and we have the same commitment to developing outstanding products," Quiksilver President Bernard Mariette says. The move mirrors a wave of consolidation rippling through the consumer-goods and retail industries.