Two of the surfing industry giants may join forces.
Rumor came from a recent article in The Australian Financial Review: we might see an alliance between Billabong and Quiksilver International. According to Sue Mitchell’s article: “The largest shareholder in Billabong International could emerge with almost full control of arch rival Quiksilver if the now-US based surf and skate wear retailer emerges from bankruptcy.”
It just so happens that the shareholder is Oaktree Capital Management, that owns 18,7% of Billabong International. This potential deal includes only Quiksilver International, and no Quiksilver Europe or Asia Pacific. This merger is yet to be confirmed, but it could be a major move for both brands in a near future.