The brand owner and management firm said that it has entered into a period of exclusivity and made a binding offer to purchase action sports and related lifestyle apparel company Boardriders from Oaktree Capital Management.
Based in Huntington Beach, California, the Boardriders portfolio includes Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, VonZipper and Honolua.
The company has operations around the world, including the Americas, Europe, Australia and Asia. It generates approximately $2.9bn in retail sales annually through a multichannel distribution network of 500-plus owned retail stores, 7,000 wholesale accounts and e-commerce in 35 countries, according to Authentic.
Additionally, the acquisition would include Surf Dive ‘n Ski, a leading lifestyle retailer in Australia with a fleet of more than 80 locations and an e-commerce platform.
