Quiksilver news and archive

Quiksilver parent Boardriders announces new CEO

Action sports and lifestyle group Boardriders, whose portfolio includes brands Quiksilver, Billabong and DC Shoes, has named former North Face and Nike veteran Arne Arens as its new CEO, effective 1 March. Arens has spent the past ten years at VF Corporation, most recently as global brand president of The North Face. Prior to that, he spent...

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Quiksilver moves forward with new name change Boardriders

As Quiksilver exited bankruptcy early last year, the surf brand has continued in making strides forward as a company. Under new ownership the California-based brand just announced that it will re-brand under the company name Boardriders Inc. Just a year ago, the company had announced it was heading towards Chapter 11 Bankruptcy, which usually...

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Good news for Quiksilver: the surfwear Brand will exit bankruptcy this month

2016 is definitely looking brighter than 2015 for Quiksilver. The surfwear retailer has seen its reorganisation plan approved by the United States Bankruptcy Court for the District of Delaware, having now set the date for its exit of bankruptcy for early February. The chief executive of the apparel retailer happily broke the news, advancing that...

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Bankruptcy settlement closer than ever for Quiksilver

Quiksilver Inc. is reportedly close to reaching a deal with its creditors. While the surfwear brand’s senior creditor, Oaktree Capital Management LP, has agreed to pay 14 million dollars in cash as well as a small percentage of the equity in the reorganised entity. Meanwhile, Sources close to the matter quoted by Bloomberg said that a group...

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Quiksilver negotiates with banks loan for post-bankruptcy

Quiksilver Inc. is negotiating with banks for a loan that would help finance its business after it exits bankruptcy, according to two people with knowledge of the matter. As reported by Bloomberg, Bank of America Corp. and JPMorgan Chase & Co. are among lenders discussing an asset-backed credit line for the company, said the same sources. The...

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NYSE's ultimatum to Quiksilver: 6 months to recover the stock ́s value

Quiksilver, Inc. (ZQK), announced that on July 10, 2015, the company was notified by the New York Stock Exchange (NYSE) that their common stock is not in compliance with the NYSE’s continued listing standard that requires a minimum average closing price of 1.00 dollars per share over a period of 30 consecutive trading days. With this scenario,...