 Poster: A snowHead
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Quiksilver bought Rossignol for $560 million 3 years ago. Just sold it for $147 million. Makes those Carradan skis seem very cheap at $19,000 a pair. Here's the release...
Huntington Beach, Calif. Quiksilver, Inc., said today that it has received a binding offer from Chartreuse & Mont Blanc to buy the Rossignol Group for 100 million euros ($147.2 million).
The sports-apparel company said that Chartreuse & Mont Blanc is headed by Bruno Cercley, who is a former chief executive officer of Rossignol. The deal, expected to close in the fall, includes the Rossignol, Dynastar, Look and Lange brands of winter sports equipment and apparel.
Robert B. McKnight, Jr., Chairman of the Board, Chief Executive and President of Quiksilver, Inc., commented, "This offer is a compelling transaction for Quiksilver and represents the culmination of a thorough sale process. Once completed, we can fully concentrate our efforts on our core apparel and footwear brands Quiksilver, Roxy and DC."
Quiksilver paid $560.8 million for Rossignol three years ago, but put the unit up for sale this year after becoming disappointed with its foray into hardgoods and the winter market. Quiksilver expects the transaction to close in fall 2008 and said it plans to use sale proceeds to pay down debt.
Chartreuse & Mont Blanc is majority owned by Macquarie Group, and has a non-voting minority interest by Jarden Corp, the parent company of K2 and Volkl.
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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I was in Huntington Beach last week and I can't imagine anywhere less winter sports-like. An expensive lesson in business for the surf dudes of Orange County, CA.
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You need to Login to know who's really who.
You need to Login to know who's really who.
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rob@rar, there is skiing less than 2 hours' drive from Huntingdon Beach and direct flights from Orange County airport to SLC
That said, for some reason I am quite happy that Dynastar is back in French hands (kind of - Macquarie are Australian aren't they?)
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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Arno, yes, it's a bank that has diversified to be an industrial conglomerate. I think its share price has been under considerable pressure lately.
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You'll need to Register first of course.
You'll need to Register first of course.
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Hmm Rossignol, sister company of the M6 toll road and the Isle of Wight ferry IIRC .....the glamour of the ski industry 
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fatbob, and manafacturers of toilet paper dispenser's as well!
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Perhaps they saw a gap in the market for newbie users of their skis....
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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Dynastar still have a factory & head office in Sallanches - which is just a hop skip and jump from Chamonix.
They pride themselves on being a true French ski firm (unlike Salomon who now apparently produce in Romania?)
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| Arno wrote: |
| rob@rar, there is skiing less than 2 hours' drive from Huntingdon Beach |
Difficult to imagine in the heat of the summer there, although there are some reasonable size hills in the distance. Where is the nearest skiing? Felt like it would be a nice place to live, especially if there is weekend skiing nearby 
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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skiing near Huntington Beach is in the San Bernadino mnts- not snow sure at all and can be very crowded on the weekends with short verticle. I grew up in So Cal and only went skiing there a handful of times prefering Utah (or Tahoe or CO) much more. From what I understand, some of the local areas of geared more towards the terrrain park, which is probably a good move...
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And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
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the awesomeness that is www.bearmountain.com
not been but i am sure it is better than a snowdome and i think there are a few other hills nearby
i agree with you. my company's head office is in newport beach and it has crossed my mind to go for a relocation at some point
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Arno, as a friend commented, "if you're there, it's skiing, but it's not worth going there for the skiing".
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You know it makes sense.
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David Murdoch, that's probably right.
the friday evening flights to SLC from orange county are, however, a very handy option
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Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
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speaking of great business performance merril lynch has in the last 18 months lost a 1/4 of everything they have made since 71 when they were first listed.. inflation adjusted.. brilliant!
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Poster: A snowHead
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CANV CANVINGTON, 
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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CANV CANVINGTON, quite impressive that all these financial institutions, who employ "experts" to predict future trends, have got it so badly wrong.
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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Frosty the Snowman, if you predict what people want to hear you wil normally get a decade of good city pay being an 'expert'
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You need to Login to know who's really who.
You need to Login to know who's really who.
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merrils new boss, hired in jan to fix the mess, is getting paid 80 odd million bucks this year.. he will write everything off as worthless and take all hit up front.. then as the crunch comes to an end and the rubbish merril owns is sold at 30 cents in the dollar or whatever he will be hailed as the master of wall street.. its not rocket science
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FAQ
