Sponsors
Billabong ▲ +0.010 | PPR ▲ +0.55 | American Apparel ▼ -0.013 | The Buckle ▼ -0.39 | Columbia ▲ +0.09 | Deckers Outdoor ▲ +0.26 | Dicks ▼ -0.02 | Foot Locker ▼ -0.18 | Genesco ▼ -0.06 | Iconix Brand Group ▼ -0.05 | Jarden Corp ▲ +0.15 | Nordstrom ▼ -0.15 | Luxottica ▼ -0.56 | Nike ▲ +0.51 | Pacific Sunwear ▼ -0.05 | Skullcandy ▼ -0.04 | Sport Chalet - 0 | Urban Outfitters ▼ -0.53 | VF Corp ▼ -0.01 | Quiksilver ▼ -0.01 | Zumiez ▼ -0.33 | Macys ▼ -0.37 | Tillys ▲ +0.05 |
Ticker Sponsor
Readers Say
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
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Industry Insight

MOSS ADAMS: Webinar 12/2 on internal controls to increase the value of your business.
AGENDA: 12/30 deadline to pre-register for Jan. 5-6 Long Beach show.
CIT TRADE FINANCE: Middle-market retailers cautiously optimistic for holiday.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

McKnight joins French strategic council

By Tiffany Montgomery
June 28, 2011 7:46 AM

I recently spoke with Quiksilver CEO Bob McKnight, who has joined a special committee launched by French President Nicholas Sarkozy to discuss issues facing international companies with a presence in France.

 

Quiksilver generates 10% of its $1.8 billion annual revenue in the country and has operated there for decades. The company employs 500 people, and owns 114 stores throughout France.

 

Bob said he decided to attend the meeting after learning that only 15 company leaders had been invited. He also wanted to participate because the French government has helped Quiksilver in past, including with union issues during the Rossignol years and the government spoke in Quiksilver’s favor during the company’s financial crisis a few years ago.

 

The first part of the meeting was with French Finance Minister Christine Lagarde, who spoke about what France is doing to encourage foreign investment using tax breaks and other means.

 

The second part of the day was at the Presidential Palace, called the Elysee Palace. The group met with French President Nicholas Sarkozy for several hours.

 

Government officials wanted to know why the companies do business in France and if the government is helping enough.

 

Bob shared how the French landscape – with mountains and the ocean – fits the Quiksilver DNA. Other reasons why Quiksilver likes operating in France is the beauty and warm nature of the community of Biarritz, how the banks have supported the company, the convenience of the major airports, the magic of Paris, the educated workforce and the government incentives.

 

Sarkozy also gave a speech about foreign investment in France and a lot of other hot button issues of the day including Libya, Egypt, pollution, a global currency, the Muslim influence in Europe, and much more.

 

Bob was impressed that Sarkozy was so articulate on such a wide range of subjects and willing to speak his mind.

 

“I was awestruck,” Bob said. “He was so smart, so articulate, so endearing.”

 

It was also refreshing because the meeting was not a big media show for Sarkozy but a quality discussion, he said.

 

The council, officially called the “Strategic Attractiveness Council,” will meet about two times a year.

 

Other companies represented at the meeting include IKEA (Sweden), Sabanci (Turkey), Embraer S.A. (Brazil), Abertis (Spain) and Bertelsmann AG (Germany).

 

 

 


Articles You Might Have Missed