Key Developments: Quiksilver Inc (ZQK.N)

ZQK.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Quiksilver Inc announces executive leadership and board changes
Friday, 27 Mar 2015 07:00am EDT 

Quiksilver Inc:Says Pierre Agnes, President of Quiksilver, Inc., has been promoted to Chief Executive Officer and added to Board of Directors.He succeeds Andy Mooney who is no longer with company.  Full Article

Quiksilver Inc gives Q2 2015 guidance below analysts' estimates; lowers FY 2015 guidance
Tuesday, 17 Mar 2015 04:04pm EDT 

Quiksilver Inc:Updates FY 2015 guidance for continuing operations to incorporate Feb. 2015 currency exchange rates and provided guidance for Q2 2015.Says Q2 2015 net revenues are expected to be about $340 million.Says Q2 2015 Pro-forma Adjusted EBITDA is expected to be about $8 million.Says FY 2015 net revenues are expected to be about $1.38 billion to $1.45 billion.Says FY 2015 Pro-forma Adjusted EBITDA is expected to be between $70 million and $80 million.Q2 2015 revenue of $369 million and EBITDA of $15 million - Thomson Reuters I/B/E/S.FY 2015 revenue of $1.49 billion - Thomson Reuters I/B/E/S.  Full Article

Quiksilver Inc completes Surfdome sale to SurfStitch Group
Wednesday, 17 Dec 2014 02:05pm EST 

Quiksilver Inc:Completes the sale of its majority ownership interest in Surfdome, an online retailer of action sports products, to SurfStitch Group.Receives net proceeds of about $16 mln for its equity interest, loans and other amounts due from Surfdome.As part of transaction, Surfdome will continue to carry Quiksilver, Roxy and DC products under a two-year supply agreement.  Full Article

Quiksilver Inc gives Q1 2015 guidance below analysts' estimates; gives FY 2015 mixed guidance
Thursday, 11 Dec 2014 04:04pm EST 

Quiksilver Inc:Expects Q1 2015 net revenues to be about $340 million.Expects Q1 2015 pro-forma adjusted EBITDA to be about $6 million.Expects FY 2015 net revenues in the range of $1.48 billion to $1.55 billion.Expects FY 2015 pro-forma adjusted EBITDA in the range of $80 million to $90 million.Q1 2015 revenue of $384 million and EBITDA of $15 million - Thomson Reuters I/B/E/S.FY 2015 revenue of $1.62 billion and EBITDA of $73 million - Thomson Reuters I/B/E/S.  Full Article

Quiksilver Inc reaches agreement to sell Surfdome to SurfStitch Group
Tuesday, 11 Nov 2014 07:30am EST 

Quiksilver Inc:Reached definitive agreement for sale of Quiksilver's majority ownership interest in Surfdome.Expects to receive net proceeds of about $16 mln for its equity interest, loans and other amounts due from Surfdome.All-cash transaction, which is subject to SurfStitch reaching agreement to purchase the minority interest in Surfdome, is expected to close before end of current calendar year.  Full Article

Quiksilver Inc announces changes to leadership team
Tuesday, 14 Oct 2014 04:05pm EDT 

Quiksilver Inc:Says appointment of Andy Mooney as chief executive officer in Jan. 2013.Bob McKnight will retire as a senior executive of the company on Oct. 31, 2014, and he will remain a director.Andy Mooney has been elected chairman and Pierre Agnes has been promoted to president effective Nov. 1.  Full Article

Quiksilver Inc announces additional licensing agreements
Thursday, 10 Jul 2014 07:53am EDT 

Quiksilver Inc:Entered into licensing agreements for several product categories, including Roxy young girls and children's apparel, watches and socks/legwear, as well as other product categories including luggage, beach towels and surfboards.Company signed an exclusive agreement with Parigi Group, Ltd., for Roxy young girls and children's apparel.Signed an exclusive, global licensing agreement with E. Gluck Corporation (EGC) for watches under the Quiksilver, Roxy and DC brands.Entered into an exclusive international licensing agreement with Planet Sox, Planet will design, manufacture and market socks in all size ranges for the Quiksilver, Roxy and DC brands in North America beginning with the Holiday 2014 season, and international sales following in Spring 2015.  Full Article

Quiksilver, Inc gives FY 2014 EBITDA guidance below analysts' estimates
Monday, 2 Jun 2014 04:04pm EDT 

Quiksilver, Inc:Says pro-forma adjusted EBITDA for FY 2014 will be below the $118 million achieved in fiscal 2013.FY 2014 EBITDA of $158 million - Thomson Reuters I/B/E/S.  Full Article

Cherokee Inc acquires "Tony Hawk" and "Hawk" signature apparel brands and related trademarks from Quiksilver, Inc.
Monday, 13 Jan 2014 09:00am EST 

Cherokee Inc:Says it has acquired the worldwide Tony Hawk and Hawksignature apparel brands from Quiksilver, Inc. for an all-cash purchase price of $19 mln.Says the acquisition closed on Jan. 10.  Full Article

Quiksilver Inc sells Hawk Designs's assets
Monday, 13 Jan 2014 07:54am EST 

Quiksilver Inc:Says that it sold all of the assets of its licensed apparel subsidiary, Hawk Designs Inc to a wholly-owned subsidiary of Cherokee Inc.Says sold for the consideration of $19 mln.Says it completed the sale of Mervin Manufacturing and announced its intention to pursue the divestiture and exit of other non-core businesses, including Hawk Designs Inc as said on Dec. 2003.Says to use the net proceeds of the transaction to reduce amounts drawn on its credit facilities, as well as invest in its emerging markets.  Full Article

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