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87 million offer from Quiksilver Nike Blazer lsnx

 
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PostWysłany: Śro 12:05, 25 Wrz 2013    Temat postu: 87 million offer from Quiksilver Nike Blazer lsnx

87 million offer from Quiksilver
The cash and stock transaction would give DC Shoes, which is based in Vista and is privately held,[url=http://duveticaonlineitaly.albirank.net/][b]Duvetica piumini italia[/b][/url], a larger partner with financial heft and a greater distribution reach. Quiksilver would be adding a successful line of shoes to its roster of clothing brands, which include Quiksilver, Roxy and Hawk.
is a build versus buy decision for Quiksilver, said Doug Palladini,[url=http://duveticapiuminiitalia.webmium.com/][b]Duvetica Piumini[/b][/url], director of Cynic Youth,[url=http://rogervivierflatsonline.albirank.net/][b]Roger Vivier Flats[/b][/url], a marketing company that specializes in the action sports industry.
It had long been known that DC's shareholders were looking to sell the company, and two years ago DC came within days of being acquired by Billabong, one of Quiksilver's strongest competitors.
In a conference call yesterday, Quiksilver chief executive Robert McKnight highlighted DC's apparel business as the big growth opportunity and noted that DC's management could help Quiksilver grow its nascent footwear business. About 75 percent of DC's revenue is generated through shoe sales,[url=http://monclerjackenoutletch.albirank.net/][b]http://monclerjackenoutletch.albirank.net/[/b][/url], McKnight said, and the company's apparel business includes mostly basic items like T-shirts, sweatshirts and hats.
has largely untapped opportunity in apparel,[url=http://woolricharcticparkaherenoutlet.olimx.com/][b]Woolrich Parka Dames[/b][/url], McKnight said.
Quiksilver is the largest and most successful brand in action sports, a youth-driven industry centered around such activities as surfing, skateboarding and snow boarding. The company generated $975 million in revenue for its fiscal year through October 2003 and has a market value of $1.1 billion
McKnight said DC will maintain its headquarters in Vista and will operate separately from Quiksilver, both in terms of its brand and management. Quiksilver will pay $56 million in cash and assume $10 million in DC debt.
DC shareholders will also receive about 1.6 million shares of restricted stock in Quiksilver and are entitled to $57 million in payouts between now and 2007 if the company reaches certain performance targets. The deal is expected to close in the third quarter.
Culturally, DC and Quiksilver are very similar in that they were founded as niche brands Quiksilver in surfing, DC in skateboarding but have grown steadily into the mainstream. Still,[url=http://parajumpersparka.webmium.com/][b]Parajumpers Coat Online[/b][/url], both brands continue to be accepted by kids who participate in both sports, a near-impossible feat in the fickle world of teen fashion and action sports.
partying with these guys right now,[url=http://duveticaaustraliaoutlet.halod.com/][b]duvetica down jackets[/b][/url], celebrating this deal and hanging out with people we've known for a long time, said Ken Block, DC's president. understand us, we understand them, and that makes it a lot easier. Shoes was founded a decade ago by Block, Damon Way,[url=http://duveticaonlineitaly.albirank.net/][b]Duvetica piumini[/b][/url], and Clayton Blehm, and has grown into a strong brand that includes lines of skateboard shoes, snow board boots and apparel that generate about $100 million in sales annually.
Block is a snow boarder who had earlier founded a T-shirt company called Eightball, and Way is the elder brother of Danny Way,[url=http://duveticaonlineitaly.albirank.net/][b]Duvetica italia[/b][/url], a professional skateboarder who is also a DC shareholder. Blehm, a certified public accountant, is the father of one of Block's friends and ran the business side of the organization while Block and Way focused on design and brand building.
DC's shareholders have long been interested in selling the business and had met Quiksilver's management as far back as 1999, though those discussions ended with both sides agreeing that a deal could transpire in the future.
that point in time it just wasn't right, said Damon Way,[url=http://billigeparajumpersjackendamen.albirank.net/][b]http://billigeparajumpersjackendamen.albirank.net/[/b][/url], who serves as executive vice president. done a lot over the years to restructure the company in a way that sets it up to be much more attractive to a company like Quiksilver. the deal almost didn't happen. Two years ago the Australian surfwear company Billabong International made an offer to buy DC, a deal that never went through.
Amid the negotiations Block and Way fired Blehm, and later Blehm sued a group of defendants, including DC and Billabong, for $140 million,[url=http://monclerjackasverige.albirank.net/][b]Billigt Moncler Jacka[/b][/url], alleging that he was wrongfully terminated.
DC countersued,[url=http://giuseppezanottimenssneakers.webmium.com/][b]giuseppe zanotti sneakers men[/b][/url], but the dispute was settled out of court last year with the company agreeing to pay damages and acquire Blehm's stock. Despite the tumult,[url=http://monclerjackasverige.albirank.net/][b]Billigt Moncler Jacka Outlet[/b][/url], DC continues to lead the skateboard shoe category while at the same time evolving into a urban fashion brand.
of who buys DC,[url=http://woolrichswedense.albirank.net/][b]woolrich online shop[/b][/url], the challenge is how does DC continue to gain market share without damaging their brand, said Chris Miller, president of Atlas Distribution,[url=http://billigeparajumpersjackendamen.albirank.net/][b]Billige Parajumpers jacken damen[/b][/url], which makes the Adio brand of skateboard shoes. time will tell.相关的主题文章:


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