Quiksilver Completes Surfdome Sale to SurfStitch Group
December 17 2014 - 2:05PM
Business Wire
Quiksilver, Inc. (NYSE: ZQK) today announced that it has
completed the sale of its majority ownership interest in Surfdome,
an online retailer of action sports products, to SurfStitch Group,
an Australian based online retailer of action sports products.
Quiksilver received net proceeds of approximately $16 million for
its equity interest, loans and other amounts due from Surfdome.
As part of the transaction, Surfdome will continue to carry
Quiksilver, Roxy and DC products under a two-year supply
agreement.
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 100 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. The Company’s corporate headquarters are in Huntington
Beach, California.
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