×
155
Fashion Jobs
PRIME PLACEMENT AND MANPOWER SERVICES
International Sales Executive - Female - Khokhra - Ahmedabad
Permanent · Ahmedabad
CAPITAL PLACEMENT SERVICES
Cfo For International Funding For 1000 Crore Company in Gujarat
Permanent · Vadodara
NEEJ
Business Development Manager
Permanent · MUMBAI
LIFESTYLE BRANDS
Regional Sales Manager, Peter England - Bangalore
Permanent · BENGALURU
KITEX GARMENTS LIMITED
General Manager - Merchandiser
Permanent · ALUVA
ZODIAC CLOTHING CO LTD
Sourcing Officer (Fabric & Garment)
Permanent · MUMBAI
LIFESTYLE BRANDS
Head of Marketing, Louis Philippe - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
HIGH FASHION GARMENT COMPANY
Manager Humanr Resource (Male) From Mumbai Only
Permanent · MUMBAI
RAJ KHATRI FILMS PVT LTD
Digital Marketing Executive
Permanent · MUMBAI
ANANDGUPTA COUTURE
Social Media Marketing & Fashion Design Assistant
Permanent · MUMBAI
DESIGNR
Sales Officer
Permanent · NEW DELHI
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR

Quiksilver to sell Rossignol unit for 100 mln euros

By
Reuters
Published
today Aug 28, 2008
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

NEW YORK (Reuters) - Sports apparel maker Quiksilver Inc said on Wednesday it agreed to sell its Rossignol business to a group led by Rossignol's former CEO for 100 million euros ($147 million), sending its shares up as much as 15 percent.

Chartreuse & Mont Blanc, headed by former Rossignol Chief Executive Bruno Cercley, bid on the unit, which includes the Rossignol, Dynastar, Look, and Lange brands of winter sports equipment and apparel.

Quiksilver paid $560.8 million for Rossignol three years ago, but Wall Street remained skeptical the lower-margin hard goods brand would be a good fit with the apparel and footwear Quiksilver was known for.

The Huntington Beach, California, company put the unit up for sale this year after a bad ski season and weakening economy hurt sales, as merchants sold through existing inventory instead of ordering new merchandise.

The sale allows the company to "rid itself of a negative margin business" and focus on its core apparel and footwear lines like Quiksilver, Roxy and DC Shoes, Citigroup analyst Kate McShane wrote in an analyst note.

Quiksilver expects the transaction to close in fall 2008 and said it plans to use sale proceeds to pay down debt.

Chartreuse & Mont Blanc is majority owned by Macquarie Group and has a non-voting minority interest by Jarden Corp .

Shares of Quiksilver were up $1.07, or 13.8 percent, at $8.83 in afternoon trade on the New York Stock Exchange.

(1 euro = $1.47)

(Reporting by Sarah Coffey; editing by Gunna Dickson and Steve Orlofsky)

© Thomson Reuters 2019 All rights reserved.