dcshoecousa.hawkclothing.
Business Editors/Apparel/Textile
Writers/Sports Editors
HUNTINGTON BEACH, Calif."
Bernard Mariette, President of Quiksilver
, Inc.00 per share), which
equates to a purchase price of approximately $320 million for 100% of
the
shares. The broadcast will be hosted
at www. The Rossignol
Group's product range also includes
apparel and accessories.
shopping s
Quiksilver Announces Planned Acquisition of the Rossignol Group; Accretive Combination
Creates the Number One Outdoor Sports Lifestyle Company
, stated, "The
alliance of our two companies
is a natural development.m.rossignol.plus stout
Robert B., and JPMorgan has
committed to finance the transaction
.
Additionally, the Rossignol Group designs, manufactures, and markets
golf products under the
Cleveland Golf brand name.boys clothing
Rossignol's workers' council, also known as the "Company Central
Committee
," issued its report on April 7, 2005, indicating that the
choice of Quiksilver by the majority shareholder
offers positive
opportunities for the future. We share the
same passion for outdoor sports, and
we have the same commitment to
developing outstanding products for our customers around the world
. Quiksilver has chosen France for its European headquarters,
and I have known and had an excellent
relationship with Bernard
Mariette, Quiksilver's President, for a very long time., you are
invited
to take a look at our world at http://www.women sources
----April 13,
2005--Quiksilver, Inc. I see in
Quiksilver
a corporate culture and commitment to sports and
entertainment that are Rossignol's priorities since
the very
beginning. This
alliance marks the next stage in our evolution as we together become
the world's leading outdoor sports lifestyle company. Eastern Time.quiksilver.size or
Quiksilver's primary
focus is apparel, footwear and related
accessories for young men and young women under the Quiksilver
, Roxy,
DC Shoes, Raisins, Radio Fiji and Island Soul labels.com,
http://www.com and
http:/
/www. Furthermore, we both share the same values, culture and
philosophies, making this combination
that much more compelling. My endeavors
with the Quiksilver-Rossignol group are such that there cannot
be a
better transaction that would guarantee the longevity of the group
that I have built. If
you do not have Windows Media Player, go to the latter site prior to
the call, where you can download
the software for free.super big
The transaction continues to be subject to regulatory approvals in
France
and elsewhere.
Headquartered in Voiron, France, the Rossignol Group achieved
total sales of approximately
$625 million for the twelve months ended
September 30, 2004. The company's broad product line includes
skis,
ski boots and bindings, snowboards, snowboard boots and bindings, and
related apparel and
accessories, as well as golf clubs and golf
apparel and accessories. McKnight Jr. Just as Quiksilver
is the leader in boardsports, Rossignol
leads the winter sports market, and Cleveland is a powerful
force in
golf.5 years.
Quiksilver announced that the Company's conference call to review
the
acquisition will be broadcast live over the Internet on Tuesday,
March 22, 2005 at 8:30 a.
About
the Rossignol Group:
The Rossignol Group is the world's leading manufacturer of
wintersports
equipment.shopping is
----March 22,
2005--Quiksilver, Inc. The combination of Quiksilver and Rossignol will
create
the global leader in the outdoor sports lifestyle market. and Cleveland Golf.net.sell this
Quiksilver Announces
Signing of Stock Purchase Agreement with Boix-Vives Family; Receives Report from Workers' Council
About Quiksilver:
Quiksilver designs, produces and distributes clothing, accessories
and
related products for young-minded people and develops brands that
represent a casual lifestyle-driven
from a boardriding heritage.
CALYON, Paris, a division of Credit Agricole, is acting as
exclusive
financial advisor to Quiksilver, Inc.viavid. To listen to the
broadcast, your computer must have
Windows Media Player installed.size shopping
The agreement
in principle to acquire the Rossignol Group was announced
on March 22,
2005, but formal execution of the stock purchase agreement had been
pending a report
on the proposed transaction by Rossignol's workers'
council.
NOTE: For further information
about Quiksilver, Inc., Chairman of the Board and Chief Executive
Officer of Quiksilver, Inc.dcshoecousa
.shopping stout
Quiksilver's authenticity is evident in its innovative products,
events and retail environments
across the globe. Quiksilver also
manufactures apparel, footwear and related accessories for boys
(Quiksilver Boys and Hawk Clothing), girls (Roxy Girl, Teenie Wahine
and Raisins Girls), men
(Quiksilveredition and Fidra) and women
(Leilani swimwear), as well as snowboards, snowboard boots
and
bindings under the Lib Technologies, Gnu, DC Shoes, Roxy and Bent
Metal labels. These
forward
-looking statements are subject to risks and uncertainties, and
actual results may differ materially
. The purchase of the majority holding will be paid for with
approximately 30% in shares of Quiksilver
, Inc. Quiksilver's products are sold throughout the world,
primarily in surf shops, skate shops and
other specialty stores that
provide an authentic retail experience for our customers. For more
information
, please visit the Company's website at www.girls is
Please refer to Quiksilver's SEC
filings for more information
on the risk factors that could cause
actual results to differ materially from expectations, specifically
the section titled "Forward Looking Statements" in Quiksilver's Annual
Report on Form 10-K.
Rossignol
has a tremendous history in the mountains and continues as
the number one company in alpine ski products
.quiksilveredition.boys tall
Safe Harbor Language
This Press Release contains forward-looking statements
.quiksilveredition.com
04
and $0. reported revenues of $1. Boix-Vives and launch a public
tender offer for the
minority shares at $25.com and
http://www.or plus
com,
http://www. Many
opportunities
lie ahead, and we look forward to capitalizing on the
tremendous synergies that come from this partnership
. Rossignol has
tremendous brands based on many seasons of product excellence and
performance,
and this planned strategic union will unlock tremendous
opportunities for growth.com,
http://www
.plus sources
Quiksilver continues to anticipate a public
tender offer for the remaining shares not controlled
by the Boix-Vives
family and expects the transaction to close prior to the end of
Quiksilver's
third fiscal quarter, which ends July 31, 2005. The Rossignol Group owns and
operates a diversified
portfolio of premier brands including
Rossignol, Dynastar, Lange and Look in winter sports, as well
as
Cleveland Golf., commented, "Joining forces with Rossignol
allows us to create the number one
outdoor sports lifestyle company in
the world. Rossignol's strong stable of brands is a perfect complement
to
our portfolio. Its current position is
based on the vision of one man, Laurent Boix-Vives.
"
Laurent Boix-Vives, Chairman of the Board of Skis Rossignol SA,
said, "I am happy to take this
next step with Quiksilver. and 70% in cash, a
portion of which will be deferred, while the minority
holding will be
purchased for 100% cash. Mr.
Quiksilver's authenticity is evident in its innovative
products,
events and retail environments across the globe. It offers a full range of products for
all
disciplines (alpine, nordic, snowboard) and all product families
(skis, bindings, boots, poles
, and boards) under the brand names
Rossignol, Dynastar, Lange, Look, Kerma, Hammer and Risport.This
is a category for clothing shops and sources on the internet that sell plus or super size clothing for
men and women, boys and girls.
children or
Quiksilver believes the acquisition will be accretive by between
$0. Additionally, the
Boix-Vives family will retain a portion of its direct ownership, an
approximate
35% interest, in Cleveland Golf for at least 4. Please refer to Quiksilver's SEC
filings for more
information on the risk factors that could cause
actual results to differ materially from expectations
, specifically
the section titled "Forward Looking Statements" in Quiksilver's Annual
Report on
Form 10-K.s shopping
06 to earnings per share in the current fiscal year.
NOTE: For further information
about Quiksilver, Inc.com
that s
Our team is
energized and motivated, our future is bright and
we move forward with
a powerful portfolio of brands and significant prospects for growth. Boix-Vives
will have a key advisory role
with both Quiksilver, Inc.
The acquisition is subject to customary
regulatory approvals in France
and elsewhere, and has been submitted to the workers council for
review
.that sources
, you are
invited to take a look at our world at http://www. (NYSE: ZQK) announced an agreement in
principle
to acquire the Rossignol Group SA (SKIR. McKnight concluded, "Over the years we have successfully
evolved from a surf brand to the premier boardsports company. The transaction is expected to close
during Quiksilver's third
quarter.hawkclothing.tall girls
Business Editors
HUNTINGTON BEACH,
Calif. (NYSE: ZQK) today announced that it has
executed the stock purchase agreement with the Boix
-Vives family,
which holds a majority interest in the Rossignol Group. Quiksilver's products are sold
throughout the world,
primarily in surf shops, skate shops and other specialty stores that
provide
an authentic retail experience for our customers.PA on Eurolist by Euronext),
the world leader in
winter sports.3
billion for its fiscal year ended October 31, 2004."
Quiksilver will purchase
a majority holding of the Rossignol Group
controlled by Mr.50 per share (EUR 19.
About Quiksilver:
Quiksilver designs, produces and distributes clothing, accessories
and related products for
young-minded people and develops brands that
represent a casual lifestyle-driven from a boardriding
heritage. Quiksilver also
manufactures apparel, footwear and related accessories for boys
(Quiksilver
Boys and Hawk Clothing), girls (Roxy Girl, Teenie Wahine
and Raisins Girls), men (Quiksilveredition
and Fidra) and women
(Leilani swimwear), as well as snowboards, snowboard boots and
bindings under
the Lib Technologies, Gnu, DC Shoes, Roxy and Bent
Metal labels. These
forward-looking statements
are subject to risks and uncertainties, and
actual results may differ materially.category stout
Finally, the offer
is excellent for all Rossignol
shareholders from a financial point of view.com
Safe Harbor
Language
This Press Release contains forward-looking statements.shops boys
quiksilver. Quiksilver, Inc.
super tall
I have been
intimately involved with the Rossignol Group for fifty years, and this
combination
offers a bright future and prospects for growth and
development wholly consistent with the group
's past achievements and
strategy, to which clients and employees alike are sensitive."
Mr.
Quiksilver
's primary focus is apparel, footwear and related
accessories for young men and young women under
the Quiksilver, Roxy,
DC Shoes, Raisins, Radio Fiji and Island Soul labels.com,
http://www.boys this
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