Home / Knowledge / News / Fashion / Branded apparel maker Quiksilver completes acquisition of Rossignol

Branded apparel maker Quiksilver completes acquisition of Rossignol

27
Jul '05
Clothing & accessories producer Quiksilver Inc announced it has successfully completed its previously announced acquisition of Skis Rossignol S.A., the world leader in alpine ski equipment.

Quiksilver now owns directly or indirectly approximately 94% of Rossignol, with over 95% of the voting rights, and anticipates acquiring additional shares through a second tender offer period that opened yesterday, which would be followed by a mandatory squeeze out if an additional 1% is acquired.

Rossignol owns and operates a diversified portfolio of premier brands including Rossignol, Dynastar, Lange and Look in winter sports, as well as Cleveland Golf. Rossignol's revenues totaled approximately $589 million for the twelve months ended March 31, 2005.

The combination of Quiksilver and Rossignol creates a global leader in the outdoor sports market, generating annual sales of apparel, wintersports equipment, golf equipment, shoes and accessories totaling approximately $2 billion on a pro forma basis for the twelve months ended April 30, 2005.

Quiksilver continues to believe that the acquisition will be accretive to earnings per share by approximately $0.02 to $0.03 in its fiscal year ending October 31, 2005.

Robert B. McKnight Jr., Chairman of the Board and Chief Executive Officer of Quiksilver Inc, commented, "This is an incredibly exciting day for both Quiksilver and Rossignol."

They have joined together a stable of strong, authentic, lifestyle brands that extend across multiple product categories in the outdoor market and reach millions of consumers around the world. Rossignol has been a leading alpine brand for decades and benefits from a tremendous heritage.


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Hannah Lane, Redress

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Wesly Clements,

Wesly Clements

US-based Baldwin Technology Company is a global manufacturer and supplier...

Henk-Jan Rohaan,

Henk-Jan Rohaan

The custom-built machineries of Brugman Holland are known for reliability, ...

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search