has this acctually been confirmed or is this just rumors?
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has this acctually been confirmed or is this just rumors?
Quicksilver is a parent company. Here's the low down on Rossis and Roxy's parent company:
http://en.wikipedia.org/wiki/Quiksilver
K2 is owned by Jarden Co and is a major competitor to Rossi. Here's a breakdown of them:
http://en.wikipedia.org/wiki/K2_Sports
As per the article, it seems Quicksilver is trying to unload their SKI division company Rossignol.
I've read in other articles that even after it's purchase of Rossi in 2005 that they went in streamlined production of their ski plants in France and are still losing money. Part of the problem would also be that Rossignoleitheir consists of not only Rossignol Ski/Snow Goods/Clothes but a fledgling division in Cleveland Golf and Dynastar skis...which as a whole combine for negative debt.
Part of the reason to buy Rossi was to add a Hard Goods division to their Clothing Juggernaut division which pulls in 73% of their business...which is huge! But it didn't do well enough and analysts are saying that it was a mistake for buying Rossi in the first place.
NOTE: If you're going to make a product in the SKI industry...make CLOTHES...cost effective and huge capital gains compared to SKIs...
So WHY AM I TELLING YOU THIS:
Well...if Candide has switched to Quicksilver...then good for him. Way better for him and it's a much LARGER company...And if it's true that they are going to make skis....which I doubt, well great for us.
BUT:...it doesn't look to good for Rossignol skis or every other lesser part company under that umbrella.
Yes, K2 sports owns many companies, like K2 boards/skis, morrow, 5150, atlas snowshoes, Shakespeare fishing rods etc. I know K2 sports is owned by another company though, It was either this past year or the year before that they were bought.
quiksilver bought rossignol/dynastar for $320 million!!!!
that is a lot of money, i didnt know rossi was worth that much