Equipment

Ski Maker Rossignol Is Up For Sale
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Published on Monday, June 16, 2008 - 11:08 AM






Park City, UT - Board sports company Quiksilver, Inc. will sell its Park City-based Rossignol brand of ski hardgoods and softgoods, the company announced in its second quarter financial statement last week. The sale will include the Rossignol, Dynastar, Lange, Look and Kerma brands of ski equipment and apparel, all of which are operated under the Quiksilver's Rossignol Group business unit.
Quiksilver has now classified its Rossignol Group wintersports equipment and apparel business as discontinued operations pending the sale and took a non-cash pre-tax charge in the second quarter of $240.2 million. The revision to the recorded value of the Rossignol Group was triggered by the sale process.

“As we separate the results of the Rossignol Group from those of our continuing core businesses, it becomes increasingly clear that our broadly diversified mix of brands, products, geographies and distribution channels positions us well in challenging economic climates, such as the one we all face today," stated Robert B. McKnight, Jr., Chairman of the Board, Chief Executive Officer and President of Quiksilver, Inc.

Among winter sports brands, Quiksilver also maintains the Quiksilver, Roxy, DC and other apparel brand businesses. The company will continue to make snowboarding equipment under its DC, Roxy, Lib Technologies, Gnu and Bent Metal labels.

The Rossignol Group maintains North American offices in Park City, Utah, with a distribution center in nearby Ogden.

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