Quiksilver Inc. has entered into licensing agreements which will see categories like Roxy young girls and children’s apparel, watches, socks, leg wear as well as luggage beach towels and surfboards all being produced and sold externally.
“Our product licensing team has done an excellent job of partnering with industry leaders that have the size, scale and expertise to help us grow these businesses,” said Andy Mooney, chief executive officer of Quiksilver, Inc. “These agreements cover large geographic markets and, importantly, dovetail with our profit improvement plan by significantly reducing product styles for our design team and supply chain. We expect our license agreements to lower operating costs and inventory levels.”
Territories covered in the agreement include the United States, Canada and Puerto Rico, as well as a number of Central and South American countries.
All of these products categories covered in the above licensing agreements will continue to be available in Quiksilver retail stores and e-commerce sites.