Quiksilver, Inc. (NYSE: ZQK) today announced that it has entered
into licensing agreements for several product categories, including
Roxy young girls and children’s apparel, watches and socks/legwear,
as well as other product categories including luggage, beach towels
and surfboards.
“Our product licensing team has done an excellent job of
partnering with industry leaders that have the size, scale and
expertise to help us grow these businesses,” said Andy Mooney,
chief executive officer of Quiksilver, Inc. “These agreements cover
large geographic markets and, importantly, dovetail with our profit
improvement plan by significantly reducing product styles for our
design team and supply chain. We expect our license agreements to
lower operating costs and inventory levels.”
Roxy Young Girls and Children’s Apparel
The company signed an exclusive agreement with Parigi Group,
Ltd., for Roxy young girls and children’s apparel. Parigi will
design, manufacture and market apparel, sizes newborn/infant to
girl 16, for the Roxy brand beginning with the Spring and Summer
2015 season. The initial territories covered in the agreement
include the United States, Canada and Puerto Rico, as well as a
number of Central and South American countries.
Watches
The company signed an exclusive, global licensing agreement with
E. Gluck Corporation (EGC) for watches under the Quiksilver, Roxy
and DC brands. EGC will be responsible for all design, production
and sales beginning in the Fall of 2015.
Socks/Legwear
The company has entered into an exclusive international
licensing agreement with Planet Sox (PS Brands, LLC), a leading
global designer, maker and distributor of socks and legwear. Planet
Sox will design, manufacture and market socks in all size ranges
for the Quiksilver, Roxy and DC brands in North America beginning
with the Holiday 2014 season, and international sales following in
Spring 2015.
Other Categories
For luggage, backpacks and bags, the company signed an agreement
with Travel Plus International, LLC. Travel Plus will begin
designing, manufacturing and marketing products for the Quiksilver,
Roxy and DC brands for the Fall 2015 season. Territories covered in
the agreement include the United States, Canada and Puerto Rico, as
well as a number of Central and South American countries.
For beach towels and beach related accessories, the company is
working with The Northwest Company, LLC. Under the agreement,
Northwest will design, manufacture and sell products for the
Quiksilver, Roxy and DC brands beginning in Spring 2015, in
territories that include the United States, Canada and Puerto Rico,
as well as a number of countries in South and Central America.
The company has partnered with SARL Euroglass and its affiliate
Equity Bell to design, manufacture and distribute globally
Quiksilver and Roxy brand surfboards, standup paddle boards and
other surf accessories; and design and distribute Quiksilver brand
cruiser, penny and longboard-style skateboards.
All of the products covered in the above licensing agreements
will continue to be available in Quiksilver retail stores and
e-commerce sites.
About Parigi Group
Founded in 1981, Parigi Group has established itself as the
premier lifestyle apparel company in the Children's Industry,
servicing all tiers of Department Stores, Specialty retailers &
Athletic Specialty Stores in North America. Their portfolio of
licensed brands include: Puma, Puma Ferrari, DKNY, Lucky Brand,
Ferrari, Nicole Miller, Elie Tahari, Original Penguin, Perry Ellis,
LRG, Paul Frank, Julius Jr & Baby Phat. In addition, Parigi
owns & operates the Hartstrings Children's brand, retail
operation & e-commerce businesses. The Hartstrings, Kitestrings
& kc parker brands are available in better department stores
& high-end specialty stores nationwide. To learn more about
Parigi Group & Hartstrings, please visit www.parigigroup.com
& www.hartstrings.com.
About PS Brands, LLC:
Established in 1994, PS Brands, LLC, has become a leading global
resource of Socks, Hosiery, Legwear and Pre Walkers to major
retailers around the world. PS is known for its advanced sourcing,
forward designs and competitive pricing. PS ships under their
proprietary brands; Candy Girl®, Planet Sox® and Funky Socks®; as
well as under licenses; Character:
Disney, Nickelodeon, Sesame Street, Thomas the train, Hasbro:
Fashion: Kensie, Esprit, Oilily, Mac +
Jac, Ike Behar, Paul Miller®: Sport:
Fila, Head, TapouT, Hind: Outdoor:
Northwest Trails™ High Sierra and Swiss Life Nidecker. Contact:
sales@planetsox.com – www.planetsox.com.
About E. Gluck Corporation:
E. Gluck Corporation (EGC) has been a leader in the watch
industry for over 50 years. With headquarters in New York, EGC has
built a strong international production and distribution network.
EGC’s manufacturing experience and global distribution capabilities
provide the company with the ability to react efficiently to a
fluid marketplace. The depth of the company’s expertise in the
watch industry is demonstrated through the wide range of product it
brings to market both through its licensed brands and its
proprietary brands, Armitron® and Sprout®.
About The Northwest Company:
The Northwest Company is recognized as a leader in the home
textile industry and is the number one throw manufacturer in the
United States. They are a market-driven company producing
innovative and exciting product for the most widely recognized
brands in sports and entertainment. In addition, they carry a full
line of their own Northwest Original designs. For over twenty
years, The Northwest Company’s reputation for quality and
commitment to their retail partners has been without equal. Please
visit www.thenorthwest.com to learn more.
About Travel Plus:
Travel Plus is a privately held bag and luggage manufacturer
headquartered in Pasadena, CA. Its parent company XiangXing Group
owns and operates the largest backpack, bag and luggage factory in
China, and is a completely vertically integrated enterprise. They
have partnered with and designed and manufactured for brands such
as Adidas, Burton, Nike, New Era and North Face.
About SARL Euroglass:
Euroglass is one of the biggest surfing-related product
manufacturers in the world, supplying distributors and retailers in
Europe, APAC and the Americas. The company produces high quality
products designed by surfers for surfers. The Euroglass product
portfolio includes ranges of high quality performance surfboards,
soft-boards, stand up paddles, traction pads, leashes, wax,
surfboard bags and skateboards. Contacts:
www.quiksilver-surfboards.com and info@euroglass90.com.
About Quiksilver:
Quiksilver, Inc., one of the world’s leading outdoor sports
lifestyle companies, designs, produces and distributes branded
apparel, footwear and accessories. The company’s apparel and
footwear brands, inspired by a passion for outdoor action sports,
represent a casual lifestyle for young-minded people who connect
with its boardriding culture and heritage. The company’s
Quiksilver, Roxy, and DC brands have authentic roots and heritage
in surf, snow and skate. The company’s products are sold in more
than 90 countries in a wide range of distribution, including surf
shops, skate shops, snow shops, its proprietary Boardriders Club
shops and other company-owned retail stores, other specialty
stores, select department stores and through various e-commerce
channels. Quiksilver’s corporate headquarters are in Huntington
Beach, California.
Forward-looking statements:
This press release contains forward-looking statements
including, but not limited to, statements regarding management’s
expectations for lower operating costs and inventory levels, and
the timing of product launches by licensee partners. These
forward-looking statements are subject to risks and uncertainties,
and actual results may differ materially. The Company undertakes no
obligation to update these statements, which are made only as of
the date of this press release. For the factors that could cause
actual results to differ materially from expectations, please refer
to the Company’s SEC filings and specifically the sections titled
“Risk Factors,” “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and “Forward-Looking
Statements” in the Company’s Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q.
NOTE: For further information about Quiksilver, Inc., please
visit our website at www.quiksilverinc.com. We also invite you to
explore our brand sites, www.quiksilver.com, www.roxy.com and
www.dcshoes.com.
Quiksilver, Inc.Robert JaffeInvestor
Relations424-288-4098zqk@quiksilver.com