Posts tagged with "industry"
Industry 08/27/2008
Quiksilver & Rossignol Are Breaking Up
Quiksilver announced today that it is selling its Rossignol Group for 100 million Euros, or $147.3 million at current exchange rates, to a company headed by a former Rossignol CEO. The Jarden Corporation, which owns K2, is also involved.
Quiksilver bought Rossignol for approximately $320 million in 2005. The company said it will use the proceeds from the Rossignol sale to pay down debt.
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Industry 07/01/2008
Billabong Buys Sector 9
GOLD COAST, 2 July 2008: Billabong International Limited today announced the acquisition of Sector 9, a premium Southern California-based skateboard brand.
Sector 9 was founded in 1994 and has emerged as a market leader in the design and manufacture of skate longboards, a fast-growing niche segment within the skateboard market.
Billabong International Limited Chief Executive Officer Derek O’Neill said Sector 9 operated in the specialty boardsports channel with a unique product offering.
“Sector 9’s products, primarily its longboards, really differentiate it from other brands in the boardsports channel and have appeal to surfers, skateboarders and the broader youth market,” said Mr O’Neill.
“The company has not only proved the viability of the longboard segment, it has experienced sustained growth over the past decade and has become synonymous with the California boardsport lifestyle.”
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