HUNTINGTON BEACH, Calif.–August 1, 2000–Quiksilver, Inc. (NYSE: ZQK) today announced that the Company completed the acquisition of Quiksilver International Pty Ltd, the Australian owner of the worldwide trademark rights to the Quiksilver brand name.
Quiksilver, Inc. has owned the Quiksilver trademark in the United States, Mexico and Puerto Rico since 1986. Quiksilver International Pty Ltd has granted a total of 17 license/distribution agreements including those for Quiksilver Inc.'s current export businesses in Canada, Central and South America and for its European subsidiary, Na Pali. Other significant agreements are with licensees in Australia, Japan, South Africa, Brazil, Chile, Argentina, Indonesia, Korea and Turkey (Eastern Europe), several of which have been Quiksilver licensees for over 20 years.
Robert B. McKnight, Jr., Chairman and Chief Executive Officer of Quiksilver, Inc., commented, "We are pleased to have completed this major transaction which will allow us to truly become a dominant global force within the youth market. The pieces are now in place and we look froward to capitalizing on the opportunities that lie ahead."
Quiksilver designs, produces and distributes clothing, accessories and related products for active-minded people and develops brands that represent a casual lifestyle – driven from a boardriding heritage. Quiksilver's authenticity is evident in its innovative products, events and retail environments across the globe.
Quiksilver's primary focus is apparel for young men and young women under the Quiksilver, Quiksilver Roxy, Raisins and Radio Fiji labels. Quiksilver also manufactures apparel for boys (Quiksilver Boys), girls (Teenie Wahine and Raisins Girls), men (QS Silver Edition) and women (Leilani), as well as snowboards, snowboard boots and bindings under the Lib Technologies, Gnu and Bent Metal labels. Distribution is primarily in the United States and Europe and is based in surf shops and specialty stores that endeavor to provide an outstanding retail experience for their customers.
NOTE: For further information about Quiksilver Inc., you are invited to take a look at our world at http://www.quiksilver.com and http://www.mervin.com.