Recent corporate history
Quiksilver purchased Skis Rossignol for $560 million in 2005, but sold Rossignol on 12 November 2008 for $37.5 million (30 million euros) in cash and a $12.5 million note (10 million euro).[9] Quiksilver owned golf-equipment maker Cleveland Golf until 31 October 2007, when it sold the company to a Japanese sporting-goods company.[10]
In 2009, Moody's included Quiksilver on its Bottom Rung list of companies most likely to default on its debt.[11]
As of 2013, Quiksilver operated 834[12] stand-alone stores in major cities across Australia, New Zealand, and the Pacific, Europe, North and South America, Asia, and Africa]. At that time, the two types of Quiksilver-operated stores were known as either "Boardriders Club" or "Factory" stores. Their products were also sold in many other outlets across the world, such as PacSun, the Fells Point Surf Company, and the Ron Jon Surf Shop. With PacSun's decline in retail prominence, Quiksilver and other brands suffered diminished sales. In addition, the company operated a number of separate Roxy and Quiksilver Youth stores.
As of 2013, the company suffered a financial slump for six years and initiated a turnaround plan in an attempt to resolve this.[13] In September 2015, the company filed for Chapter 11 bankruptcy.[14][15]
Co-founder of Quiksilver Bob McKnight stepped down as CEO on 11 January 2013. He then acted as executive chairman, until retiring in October 2014.[16] Andy Mooney, who was formerly chairman of Disney Consumer Products, was CEO from 2013 to 2015.[17]
Mooney stepped down as the CEO and was replaced in March 2015 by longtime employee Pierre Agnes to restructure the brand.[18] In 2015, Agnes was promoted from president to CEO.
Quiksilver emerged from bankruptcy in early 2016, and the company once again became privately held, with Oaktree Capital Management as the majority shareholder.[19] By the end of 2016, their retail presence had significantly diminished after restructuring by Oaktree.
The company's name was changed in March 2017 to Boardriders, Inc., and it is the owner of the Quiksilver, Roxy, and DC Shoes brands. Boardriders purchased Billabong International Limited in 2018.[20]
On 30 January 2018, the global CEO of Boardriders, Pierre Agnes, was declared missing after his powerboat washed ashore without him near Biarritz, France, after he radioed in to delay his return in thick fog conditions.[21] A search operation by air and sea was launched the same day.[22][23] The search was called off a few days later, as he was declared lost at sea and presumed dead. Dave Tanner, the company's former chief turnaround officer, became CEO on 6 February 2018.[1][24]
Boardriders, Inc. owns Quiksilver, Roxy, DC Shoes, Billabong, Element, Von Zipper, RVCA, and XCEL.
In April 2023, Authentic Brands Group made a binding offer to acquire Boardriders, Inc. for US$1.25 billion.[25]
On February 2, 2025, Liberated Brands, owner of Quiksilver and Roxy retail stores in the US, filed for Chapter 11 bankruptcy protection, listing assets and liabilities between $100 million and $500 million. The company announced the closure of all remaining Quiksilver and Roxy locations in the US, with liquidation sales beginning a week before the bankruptcy.[26]
