Authentic Brands Group has confirmed the completion of the acquisition of Boardriders, the owner of the action sports and lifestyle brands Quiksilver, Billabong, Roxy, RVCA, DC Shoes, Element, VonZipper and Honolua. With the completion of the acquisition, Authentic says its annual retail sales total more than $29+ billion worldwide. “Today, we deploy our proven playbook of brand development and value creation and will quickly announce a roster of best-in-class partners around the world to help drive the brands in their next stage of growth,” the group said in a brief email on Sept. 1.
Authentic made a binding offer for the group in late March and signed a definitive agreement in April. There has not yet been an official confirmation of the purchase price, which has been said to total around $1.25 billion.
