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Surfwear chain Quiksilver files for bankruptcy

Published Wed, Sep 9, 2015 · 09:50 PM

New York

QUIKSILVER Inc, the California surfwear chain that lost 79 per cent of its market value this year, filed for bankruptcy with a plan to hand control over to lender Oaktree Capital Management LP.

Under a plan announced on Wednesday, affiliates of Oaktree Capital Management LP will supply the chain with the US$175 million financing it needs to get through a restructuring. At the conclusion of that process, Oaktree will exchange its debt c…

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Companies & Markets

Surfwear chain Quiksilver files for bankruptcy

Consumer & Healthcare

Sony deal for Paramount would draw added regulatory scrutiny

Lululemon to shutter Washington distribution center, lay off 128 employees

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

P&G raises annual core profit forecast on resilient demand, price hikes

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

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