Sponsors
Billabong ▼ -0.010 | PPR ▼ -2.20 | American Apparel ▼ -0.020 | The Buckle ▼ -0.85 | Columbia ▼ -1.34 | Deckers Outdoor ▲ +1.09 | Dicks ▼ -0.65 | Foot Locker ▼ -0.56 | Genesco ▼ -0.67 | Iconix Brand Group ▼ -1.22 | Jarden Corp ▲ +0.01 | Nordstrom ▲ +0.11 | Luxottica ▼ -0.58 | Nike ▼ -0.16 | Pacific Sunwear ▲ +0.07 | Skullcandy ▼ -0.12 | Sport Chalet - 0 | Urban Outfitters ▼ -0.44 | VF Corp ▲ +0.13 | Quiksilver ▼ -0.01 | Zumiez ▼ -0.33 | Macys ▼ -0.46 | Tillys ▼ -0.14 |
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
I waited too long to sign up for Executive Edition
I waited too long to sign up for Executive Edition

I read Shop-Eat-Surf at every opportunity, and I waited too long to sign up for the Executive Edition. It’s timely, relevant and clearly “from the industry, for the industry.

- By Andy Laats, President, Nixon
Industry Insight

CFA, WELLS FARGO: Invitation to next "Crystal Ball" breakfast session, "Private Label vs Branded Manufacturing."

STOKES ME: SIMA Humanitarian Fund campaign kicks off this week with "Add-A-Buck" promotions in 76 core-store doors.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Quiksilver has deal to sell Rossignol

By Tiffany Montgomery
August 27, 2008 6:27 AM

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.


Former Rossignol CEO Bruno Cercley of Chartreuse & Mont Blanc made the offer. Chartreuse & Montblanc is majority owned by the Macquarie Group of Australia and Jarden Corporation owns an interest in Chartreuse.


Bernard MarietteThe press release did not mention Bernard Mariette, left, the former Quiksilver corporate president who pushed for the Rossignol acquisition but left the company after the deal battered Quiksilver's financial results. When he resigned earlier this year, Mariette had said he would try to purchase Rossignol.


The Rossignol sale is expected to close in the fall and will allow Quiksilver to focus on its core brands, Quiksilver Chairman and CEO Bob McKnight said in a statement.


"This offer is a compelling transaction for Quiksilver and represents the culmination of a thorough sale process," he said. "Once completed, we can fully concentrate our efforts on our core apparel and footwear brands Quiksilver, Roxy and DC."


Articles You Might Have Missed