Quiksilver to sell Rossignol Group - sportstextiles: Lea SportsTextiles

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Quiksilver to sell Rossignol Group

28/08/2008
Quiksilver Inc has received a binding offer from Chartreuse & Mont Blanc to acquire the Rossignol Group. The deal has been led head of Chartreuse & Mont Blanc, Bruno Cercley, a former CEO at Rossignol. The proposed transaction value is €100 million and the deal is expected to close in the autumn.

The proposed transaction includes the sale of the Rossignol, Dynastar, Look, and Lange brands of winter sports equipment and apparel.
Chairman of the board, chief executive and president of Quiksilver, Inc.,Robert McKnight, Jr., said: “This offer is a compelling transaction for Quiksilver and represents the culmination of a thorough sale process. Once completed, we can fully concentrate our efforts on our core apparel and footwear brands Quiksilver, Roxy and DC.”

Chartreuse & Mont Blanc is majority owned by Sydney-based financial services provider Macquarie Group.

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