Surf and skate wear retailer Quiksilver expects to emerge from bankruptcy around February 8 after a US court approved a $US600 million ($848 million) refinancing overnight.
Quiksilver said its Plan of Reorganisation — under which US-based private equity firm Oaktree Capital Management will take control of more than 90 per cent of its shares — has been confirmed by the United States Bankruptcy Court for the District of Delaware.
The plan was supported by the company’s major stakeholders, including an official committee of unsecured creditors.
“This is an important milestone in the evolution of Quiksilver and … More
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