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Quiksilver files for bankruptcy in the USA

Quiksilver files for bankruptcy in the USA
September 10, 2015

Surfwear brand Quiksilver has filed for bankruptcy in the USA and handing over control to a private equity firm.

The Australian reports the iconic firm, founded in Australia in 1969 by Alan Green and John Law in Torquay, has struggled with its loss-making US surfwear business.

It will hand over to Oaktree Capital Management, which is also a major investor in rival - and also struggling - surfwear group Billabong.

Quiksilver’s Australian operations, still believed to be profitable, will not be affected.

10th April 2014 - QUIKSILVER AND ROXY BACK VEGEMITE SURFGROMS FOR THREE MORE YEARS

25th July 2013 - BILLABONG PAYS OFF DEBTS AFTER REACHING DEAL WITH US PRIVATE EQUITY FIRM 

15th March 2010 - BILLABONG SUED FOR $168 MILLION IN INDONESIA


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