American investment management firm Oaktree Capital Management announced the full acquisition of the Australian surf company Billabong. The deal is worth $299m (A$380), and has been officially confirmed by Billabong International Limited. Oaktree already holds 19 percent of the shares in Billabong. The acquisition is made through Boardriders, the firm owned by Oaktree that controls Quiksilver, […]
Sophie Goldschmidt is the new CEO of the World Surf League (WSL). The British executive will lead the pro surfing circuit from August 1, 2017. Goldschmidt has a long career in the sports industry. She started working in 1999 as sports marketing manager for Adidas. In 2003, she was named vice-president for the Women’s […]
Six months after filing for bankruptcy, Quiksilver, Inc. announced a new corporate name for the firm. Boardriders, Inc. is the new company behind three historic surf brands: Quiksilver, Roxy, and DC Shoed. The decision to change the name signals the birth of the newly reorganized entity managed by Oaktree. “The company has spent the last […]
Chad Nelsen is the new Chief Executive Officer (CEO) of the Surfrider Foundation. The largest grassroots nonprofit organization dedicated to the protection and enjoyment of our oceans, waves and beaches has a new commander. Nelsen replaces Jim Moriarty, who managed Surfrider in the last nine years. “I am extremely honored to lead the Surfrider Foundation. […]