McShane and Van der Ghinst believe Quiksilver could fetch $900 million to $1 billion
Following VFC’s unsuccessful bid for Billabong LY, we think Quiksilver could be a consideration, based on: 1) a strong, authentic action sports brand; 2) a solid girls’/women’s brand in Roxy, which we believe still has significant potential, esp given ongoing strength in kids’ action/activewear, 3) DC Shoes, which would complement VFC’s Vans; & 4) Quiksilver should also help alleviate some of VFC’s 2H exposure, as it is more of a 1H brand.
McShane and Van der Ghinst believe Quiksilver could fetch $900 million to $1 billion