Pon Holdings, a Dutch company that already owns Focus, Gazelle, Cervélo, and who bought Santa Cruz in 2015, has made an offer to purchase the Accell Group for a whopping $895 million USD (€845 million). Accell Group is home to Diamondback, Raleigh, Ghost, Winora, Lapierre, and Haibike, so if the marriage between Pon and Accell were to happen, it would create one of the largest, if not the largest, cycling conglomerates in the world. Pon says that the €845 million offer boils down to … More
Archive for the ‘Business news’ Category
On Wednesday, just two days after sending shockwaves through the skiing industry with its $1.5 billion purchase of Intrawest Resorts, Aspen Skiing Company/KSL Capital Partners alliance announced in a press release that it would be purchasing Mammoth Resorts and its four subsidiary California ski resorts for an undisclosed sum of money.
The purchase gives Aspen Skiing Company control of four Southern California resorts — Mammoth Mountain, Bear Mountain, Snow Summit and June Mountain. Those four resorts feature over … More
In 2019, Quiksilver will celebrate 50 years.
The iconic Southern California brand has been through it all as one of the founding members of an industry that, today, has evolved and grown beyond anything that could have been forecasted.
But Quik, like many companies, has faced its fair share of growing pains over the years — most recently, filing for Chapter 11 for its US operations and undergoing an aggressive global restructuring … More
Six months after filing for bankruptcy, Quiksilver, Inc. announced a new corporate name for the firm.
Boardriders, Inc. is the new company behind three historic surf brands: Quiksilver, Roxy, and DC Shoes. The decision to change the name signals the birth of the newly reorganized entity managed by Oaktree.
“The company has spent the last 18 months … More