Quicksilver news and archive

Quiksilver's enterprise value continues to decline after bankruptcy

Los Angeles – Although Oaktree Capital planned to buy Quiksilver out of bankruptcy in November, the investment firm still maintains that the SoCal brand is still struggling with the same business struggles. According to WWD, Oaktree agreed to provide up to 115 million dollars in debtor-in-possession financing for the California retailer after...

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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...

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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...

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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...

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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...

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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...

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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...

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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...