Quiksilver COB & CEO Bob McKnight calls the cashand stock deal for the French winter sports giant and owner of Cleveland Golf,expected to close in July, a “transformational acquisition” that will enableZQK to “write the next chapter of its evolution.”
While broadening its reach from surf and shore tomountaintop by inheriting Rossignol’s strong market share positions in alpinesports, Quiksilver appears intent on marrying its soft goods expertise with theFrench company’s stable of performance sport brands (Rossignol, Dynastar,Lange, Look and Cleveland Golf) and grow the emerging company’s annual top lineto a range of $2.8-3.4 billion over the next 4-6 years.Rossignol’s FY04 revenues ... Log in to view full article.