‘New beginning’ as Quiksilver emerges from bankr - sportstextiles: Lea SportsTextiles

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‘New beginning’ as Quiksilver emerges from bankruptcy

02/02/2016
Quiksilver has announced its US business is expected to emerge from bankruptcy on February 8 following significant support from the major stakeholders and the agreement of the United States Bankruptcy Court for the District of Delaware.

Its CEO described it as “a new beginning for Quiksilver, ROXY and DC Shoes”.

Pierre Agnes he said: “This is an important milestone in the evolution of Quiksilver and we are pleased with the Court’s confirmation of our plan to emerge from bankruptcy only months after filing our voluntary petitions. 

“We will emerge as a revitalised and stronger company with experienced leadership, rationalized operations, a clean balance sheet and a world-class partner in Oaktree, who brings additional strategic and operational expertise to our company.

“The reorganisation plan we have put in place provides us with the strong long-term financial foundation to fuel the success of our brands globally and positions us well to reassert our leadership position in the action sports industry.”

The surf and snow sports brand filed for bankruptcy protection in the US last September following a turbulent couple of years.

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Quiksilver changes name after exiting bankruptcy 10/03/2017
Surftech names new CEO 05/05/2016
New partner for Quiksilver and Roxy in Italy 19/02/2016
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Billabong director resigns over conflict of interest 15/09/2015
Quiksilver files for bankruptcy protection 09/09/2015
Currency headwinds hamper Quiksilver’s recovery 11/06/2015
Quiksilver CEO leaves the company with immediate effect 27/03/2015
Retrenching Quiksilver offloads another asset 12/11/2014
Kelly Slater leaves Quiksilver to launch brand with Kering 02/04/2014
Quiksilver hangs hat on emerging markets 14/03/2014
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