Quiksilver Inc. has sold its snowboarding subsidiary, Mervin Manufacturing Inc., to Extreme Holdings Inc.
Terms of the agreement were not disclosed. The all-cash transaction is expected to close in several weeks and is subject to certain customary closing conditions, the company said. Net proceeds from the Mervin sale will be used to reduce the amounts drawn on its credit facilities and “make investments in its emerging markets,” the company said.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)