Quiksilver To Sell Rossignol; List Of Suitors Narrowed
Quiksilver is selling its Rossignol ski company, according to Mike Gorrell of the SALT LAKE TRIBUNE. Quiksilver last week stated in its quarterly report that the sales process "has begun and the Rossignol Group of winter-sports equipment and apparel is being treated on its books as a 'discontinued operation.'" Quiksilver is "taking a pre-tax charge" of $240.2M for the quarter ending April 30. Rossignol North America VP/Operations & CFO Jim Hunter said that while "new owners can do whatever they want with the company, he would not expect to see major changes soon in its day-to-day operations." Hunter added that several companies "have shown interest in acquiring" Rossignol and its sister companies. Hunter: "The list has been narrowed down to a few of the most serious people." Quiksilver purchased Rossignol in March '05 for a reported $320M (SALT LAKE TRIBUNE, 6/14).
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