Quiksilver is proud to announce sponsorship of the legendary World Heli Challenge that will be staged out of Wanaka, New Zealand between August 28 and September 12, 2009.
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Co-owner and Northwest legend John Logic shows us the fruits of their vendor sponsored art shows and how these projects help set his shops apart.
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Quiksilver announced today that Nick Adcock, President of Quiksilver’s DC Shoes Brand has resigned to pursue other interests. Quiksilver Americas’ President Craig Stevenson will assume Mr. Adcock’s responsibilities on an interim basis while the company completes a search for his replacement.
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Despite the dip, Quiksilver reported Income from Continuing Operations of $0.05 per share.
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It has been a big news day over at Quiksilver. The company announced today it was extending 9-time ASP champ Kelly Slater’s contract for five years.
Here’s the release:
Quiksilver, Inc. today announced that it has signed legendary 9-time ASP (Association of Surfing Professionals) World Champion Kelly Slater to a 5-year endorsement contract, extending his sponsorship arrangement with the company and ensuring that the greatest surfer of all time will be sponsored by Quiksilver for his entire competitive career.
Robert B. McKnight, Jr., Chairman of the Board, Chief Executive Officer and President of Quiksilver, Inc., commented, “We couldn’t be more pleased than to continue our long-standing relationship with the greatest surfer the sport has ever known. Kelly has been a fantastic spokesman for Quiksilver, a terrific ambassador and promoter for the sport of surfing and a true friend of the company. Kelly continues to work toward broadening the exposure of surfing through projects such as his upcoming IMAX movie and he’s got some great ideas that we will work on together to enhance the marketability of surfing and bring surf competitions to a broader audience in new and innovative ways. Kelly’s agreement to accept a significant portion of his compensation in the form of Quiksilver stock demonstrates his confidence in Quiksilver and our future prospects. We are absolutely delighted to continue our partnership with Kelly.”
Kelly Slater added, “Quiksilver’s been family to me for so long it’s hard to remember a time before them. It might not come as a surprise to many people that I’ve re-signed with them but there have been major transitions in my life and many changes within Quiksilver. It’s a long relationship and things often alter over the course of time. In our case, we’ve got exciting projects that coincide and are still stoked working and surfing together. These next 5 years and beyond will end up being our best together. As we put our minds and efforts together capturing our lifestyle and creating product that reflects this, I see Quiksilver remaining the industry leader. Revisiting what got us there and breaking new ground into some unforeseen areas, it seems things are on the upswing and it’s a fresh time again.”
International Private Equity Firm Rhone to Provide $150 million 5-Year Term Loan. Bank of America and GE Capital to Provide New $200 million Line of Credit in the Americas.
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The new store in the Biarritz, France airport is solely stocking Quik and Roxy accessories.
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According to Bloomberg.com, VF Corp CEO Eric Wiseman said the company “is in ‘active discussion’ on possible acquisitions to increase revenue from outdoors and action-sports brands.”
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Quiksilver Europe is launching a new line of exclusive, collaborative boardshorts called Quiksilver Union with nine top European retailers this summer. Find out who made the list.
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Quik enters new licensing agreement for Quiksilver and Roxy home products.
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