Quiksilver needs a buyer to get back on track

According to Bloomberg, the Californian marketer of brands Quiksilver, DC and Roxy action sports, is about to put itself on the block. The group has reportedly hired a consultancy firm which has been assigned to find additional financial resources. The company’s stock value dropped by three quarters over the current year.The publication does not name its sources for the information, but it does make it clear that Quikslilver is looking for a buyer with the financial muscle to help it out of its troubles. Bloomberg says that, according to its sources, one option could be a management buy-out supported by additional investors.

Leave a Reply

Your email address will not be published. Required fields are marked *