After suffering a 79 percent market value loss this year, Californian surfwear chain Quiksilver has filed for bankruptcy with a plan to hand control over to lender, Oaktree Capital Management. Pending a bankruptcy court approval, the company has announced that the global asset management firm will supply $175 million USD to finance a restructuring, in return for a majority stake in Quiksilver once the process is completed. This latest move should come as no surprise, following a year of abysmal ...
After suffering a 79 percent market value loss this year, Californian surfwear chain Quiksilver has filed for bankruptcy with a plan to hand control over to lender, Oaktree Capital Management. Pending a bankruptcy court approval, the company has announced that the global asset management firm will supply $175 million USD to finance a restructuring, in return for a majority stake in Quiksilver once the process is completed. This latest move should come as no surprise, following a year of abysmal ...
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