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Boardriders, Inc. -- Moody's assigns B3 CFR to Boardriders, Inc., B3 to Senior Secured Term Loan
Posted on Tuesday March 06, 2018
Moody's Investors Service, ("Moody's") today assigned a B3 Corporate Family Rating ("CFR") to Boardriders, Inc. ("Boardriders"). At the same time, Moody's assigned a B3 rating ...
Searches called off for Quiksilver boss missing at sea off France
Posted on Wednesday January 31, 2018
France's coastguard on Wednesday called off searches for the head of the U.S. firm that owns the Quiksilver surfwear brand, a day after his boat washed up empty on the country's Atlantic coast, local authorities said. Pierre Agnes had gone out fishing in his 36-foot (11-metre) boat on Tuesday morning and later sent out a message to port authorities indicating that he was delaying his return because of thick fog. A sea search with four helicopters and two boats was launched after his beached boat was found without him not far from Hossegor, the surfing resort where the 54-year-old had set out.
French coastguard searches for Quiksilver boss missing at sea
Posted on Wednesday January 31, 2018
The French coastguard on Tuesday searched for Pierre Agnes, the chief executive of U.S. surfwear retailer Boardriders Inc, after his 36-foot (10.97 m) sailboat was found washed up on the country's Atlantic coast. Agnes went fishing early Tuesday and has not been heard from since his boat was recovered later in the morning on the beach near his hometown, Boardriders said in a statement. Rescuers were scouring the Bay of Biscay waters off Hossegor, a surfing resort from where the 54-year-old Agnes set sail early in the morning, the Landes prefecture said.
Boardriders Inc to buy Australia's Billabong for about $155 mln
Posted on Thursday January 04, 2018
Australian surfwear seller Billabong International Ltd agreed to a buyout from its top shareholder and major lender Oaktree Capital Management LP on Friday, in a deal valuing the company at about A$197.7 million ($155 million). Oaktree already holds 19 percent of Billabong and made the takeover offer through its majority-controlled sports-apparel business Boardriders Inc, formerly known as Quicksilver. "It's a difficult retail outlook, but it's probably the perfect time to be picking it up at the bottom of the market - take the costs out, do some marketing and if consumers start spending, watch the stock run up," market portfolio strategist at stockbrocker Blue Ocean Equities Mathan Somasundaram said.