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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. 

Company Quote

6.49
0.07 +1.09%
17 Apr 2014