The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
HUNTINGTON BEACH, United States — Quiksilver Inc. investor Consac LLC is urging the clothing chain to put itself up for sale after it lost almost three-quarters of its value in the past year.
Ryan Drexler, Consac’s president, sent a letter to Quiksilver saying the company should find a buyer “in order to preserve diminishing shareholder value before Quiksilver’s conditions get even worse.”
Robert Jaffe, a spokesman for Huntington Beach, California- based Quiksilver, didn’t immediately respond to messages requesting comment. Consac said it owns more than 3.5 million shares of Quiksilver.
The surfwear chain’s stock tumbled last month after it replaced its top executives and restated earnings results. Pierre Agnes, who was Quiksilver’s president, was named chief executive officer on March 27. The management shake-up followed a disappointing sales forecast earlier in the month.
By: Lindsey Rupp; editors: Nick Turner and Kevin Orland.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.