Deals
Authentic Brands Is Said to Near Deal for Quiksilver Parent
An employee arranges a display of clothing at a Quiksilver store in New York.
Photographer: Victor J. Blue/Bloomberg
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Authentic Brands Group Inc. is nearing a deal to pay about $1.3 billion for the parent of Quiksilver and Billabong surfwear brands, according to people familiar with the matter.
A deal for Boardriders Inc. could be announced as soon as next week, said one the people, who asked to not be identified because the matter isn’t public. No final decision has been made and discussions could fall through. Boardriders, which also owns the Roxy brand, is controlled by Oaktree Capital Management.