All Boardriders articles – Page 2
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News briefsMoody’s lowers Boardriders’ debt rating
Moody’s has lowered the corporate family rating of the parent company of Quiksilver, Boardriders, Element, Roxy, RVCA and DC Shoes from Caa1 to Caa2 and the senior secured credit facility rating from B3 to Caa1. The rating agency cited weak credit metrics, including a leverage ratio of nearly 8x and ...
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News briefsElement Skateboards will be donating 1% of its global hardgood sales
Element Skateboards has announced it will donate one percent of all global hardgoods sales to 1% for the Planet. In a press release, the brand said, “At Element, we are not climate scientists. We are skateboarders, adventurers, creatives; a community of passionate people who care. We care about our planet, ...
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News briefs
Boardriders appoints new head of retail
Boardriders has promoted Andrew Henry to head of retail in Europe, the Middle East and Africa (EMEA) for all its brands – Quiksilver, Boardriders, Element, Roxy, RVCA and DC Shoes. Henry is now in charge of 13 Boardriders stores, the 35 European outlets, and several stores and concessions for the ...
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News briefs
A new COO for Boardriders
Boardriders has appointed Deborah Palmer Keiser as chief operating officer, according to Shop-Eat-Surf. Replacing Colin Smith, who served as COO on an interim basis, she will start her job at the company’s head office in California on Dec. 13. Keiser has been most recently the president of Timbuk2, the California-based ...
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News briefs
Boardriders reshuffles management
Brad Blankinship, who has been running Boardriders’ RVCA brand of apparel, has been appointed general manager of the Quiksilver brand. He succeeds Garry Wall, a 28-year veteran of Quiksilver who is leaving the group after running the brand for the last six years. David Brooks will be the new general ...
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Infographics & DataInternational sports apparel market 2020
This chart shows the revenues, growth and market share of the top 26 sports apparel brands in 2020 vs. 2019. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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Infographics & DataThe largest athletic footwear brands 2020
This chart shows the revenue development of the top 24 athletic footwear brands brands in 2020 vs 2019. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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AnalysisMarket Analysis: The sports apparel market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major global sports apparel brands including breakdown by region.
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News briefsBoardriders appoints Nicolas Foulet as president of Quiksilver Europe
According to Shop Eat Surf, Nicolas Foulet, chief information officer at Boardriders since 2015, is the new president of EMEA for Quiksilver. He takes over the role from Greg Healy, who was responsible for Europe in addition to APAC since 2019. Healy had added Europe to his portfolio after Thomas ...
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ArticleFormer ISPO chief quits Boardriders
Peter Knoll, a former manager of the ISPO trade show in Munich, has left Boardriders, where he was most recently general manager for Germany, Austria and Switzerland. The 55-year-old executive says his departure was mutually agreed due to differing views on organizational and strategic changes within the company. His position ...
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News briefsArne Arens will steer Boardriders
On March 1, Arne Arens, the Swedish manager who led The North Face in Europe, the Americas and globally between 2010 and last October, will become the new CEO of Boardriders, the struggling parent company of Quiksilver, Roxy, Billabong, DC Shoes, RVCA, Element and Von Zipper. The current CEO, Dave ...
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Article
Boardriders’ recapitalization runs into rough waters
A recent new debt offering of $155 million issued by Boardriders to Oaktree Capital Management and other lenders is being challenged by a group of previous lenders who see their rights subordinated in the new deal, which establishes collateral rights for them with regard to their previous debt of around ...
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News briefs
New super loan leads S&P to upgrade Boardriders’ credit rating
Shortly after downgrading Boardriders’ credit rating, Standard & Poor’s upgraded it slightly from SD to CCC as the parent company of Quiksilver, Billabong, Roxy and other action sports brands completed a new transaction with its lenders. It notably obtained a “super senior term loan” that provides it with much-needed liquidity ...
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News briefs
S&P downgrades Boardriders
Standard & Poor’s has downgraded the debt ratings for Boardriders in relation to a recent offering of $155 million intended to improve its liquidity position. The new offering includes $65 million worth of term loans contributed by the company’s major shareholder, Oaktree Capital Management, $45 million contributed by other existing ...
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Infographics & DataRanking - The top 10 sports apparel brands
This exclusive chart shows the leading international sports apparell brands, including Nike, Adidas, VF Corp., Under Armour, Anta, Hanesbrands, Gildan, Puma, Columbia and Boardriders. Ranking by Revenue and by %-growth vs last year. This is exclusive data and analysis for Premium Members.
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News briefs
Boardriders sells a U.K. retail chain to its founder
After long discussions, Boardriders has resold selected assets of Two Seasons, a British action sports retailer, to its founder, Stuart Roberts, helped by two investors. Roberts founded Two Seasons in 1982, when he was 19 years old, and sold it to the former Billabong Group in 2007 when it had ...
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News briefs
Moody’s downgrades Boardriders’ debt
Moody’s has changed its outlook for Boardriders’ debt from stable to negative, considering the effects of Covid-19 in terms of temporary store closures and declines in discretionary consumer spending. With only $100 million in cash on its balance sheet and $15 million in credit availability as of May 20, the ...
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News briefs
Boardriders sees it credit rating lowered
Standard & Poor’s has downgraded Boardriders’ debt rating to CCC+ from B- after the company reported that it recorded “severely negative” Ebitda on 40 percent lower revenues for the second quarter ended on April 30, indicating that it may need additional liquidity to meet its obligations. Ebitda is expected to ...
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News briefs
Boardriders divests Xcel
Boardriders has sold its brand of wetsuits, Xcel, on undisclosed terms to ZG Collective of Colorado. Boardriders had recently decided to grow its six primary brands – Quiksilver, Billabong, Roxy, DC Shoes, RVCA and Element – over the long term by investing in digital operations, category extensions, new go-to-market models, ...
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News briefs
Standard & Poors and Moody’s downgrade Boardriders
Standard & Poors and Moody’s have both downgraded the credit rating of Boardriders, the parent company of Quiksilver, Roxy, Billabong and other action sports brands. S&P has reversed its outlook to negative based on results and guidance provided by the company to the rating agency. It feels that its operating ...
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