Retrenching Quiksilver offloads another asset
12/11/2014
Quiksilver has sold Surfdome, an online retailer of action sports products, to Australian peer SurfStitch for $16 million. The US surf brand is part way through an aggressive cost cutting plan, announced last May, through which it aims to improve earnings by $150 million by 2016. As part of the transaction, Surfdome will continue to carry...