Quiksilver Announces Licensing Agreement for Children’s Apparel with LF USA

  Quiksilver Announces Licensing Agreement for Children’s Apparel with LF USA

Business Wire

HUNTINGTON BEACH, Calif. -- November 26, 2013

Quiksilver, Inc. (NYSE: ZQK) today announced that it has entered into a
licensing agreement with LF USA, a subsidiary of Hong Kong-headquartered Li &
Fung Limited, the multinational consumer goods sourcing, logistics and
distribution group.

As part of the agreement, LF USA’s Kids division will design, manufacture and
market children’s apparel bearing the Quiksilver and DC brand trademarks in
the Americas beginning in the Fall 2014 season.

“With strong brand heritage and consumer appeal, Quiksilver and DC are natural
additions to our Kids division’s prominent portfolio of licensed brands,” said
Dow Famulak, CEO and President of LF USA. “By leveraging our extensive
expertise in the children’s market, coupled with our global sourcing
capabilities and deep retail relationships, we believe there is an excellent
opportunity to build on the legacy of these brands and significantly expand
their reach and volume.”

Andy Mooney, chief executive officer of Quiksilver, Inc., said, “LF USA is a
highly regarded leader in the children’s apparel industry. We believe their
size, scale and expertise will help us grow our kids business and we are
thrilled to have LF USA as a partner. Moreover, this relationship is in line
with our profit improvement plan, enabling us to focus our energies and
resources on our core apparel business and significantly reduce product styles
and SKUs in our supply chain.”

About LF USA and Li & Fung Limited

LF USA is a subsidiary of Li & Fung Limited (SEHK:494). A Hong
Kong-headquartered multinational group, Li & Fung Limited is recognized as the
world's leader in consumer goods design, development, sourcing and
distribution. It manages the supply chain for retailers and brands worldwide
with over 300 offices and distribution centers in more than 40 economies
spanning across the Americas, Europe, Africa and Asia. Through its three
interconnected Business Networks – Trading, Logistics and Distribution – the
Group offers a spectrum of services that covers the entire supply chain
end-to-end. Corporate website: www.lifung.com

About Quiksilver:

Quiksilver, Inc., one of the world’s leading outdoor sports lifestyle
companies, designs, produces and distributes branded apparel, footwear and
accessories. The company’s apparel and footwear brands, inspired by a passion
for outdoor action sports, represent a casual lifestyle for young-minded
people who connect with its boardriding culture and heritage. The company’s
Quiksilver, Roxy, and DC brands have authentic roots and heritage in surf,
snow and skate. The company’s products are sold in more than 90 countries in a
wide range of distribution, including surf shops, skate shops, snow shops, its
proprietary Boardriders Club shops and other company-owned retail stores,
other specialty stores, select department stores and through various
e-commerce channels. Quiksilver’s corporate headquarters are in Huntington
Beach, California.

Contact:

for Quiksilver, Inc.
Robert Jaffe
Investor Relations
424-288-4098
zqk@quiksilver.com
 
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