Shop-eat-surf.com’s Tiffany Montgomery is reporting that DC Shoes cut 10 percent of their employees today. And we believe her.
The spokesman said about 10 percent of the workforce was cut previously at Quiksilver and Roxy, and the DC reductions are of similar size on a percentage basis. . . DC has been Quiksilver’s best-performing brand and its major growth vehicle. A new financing deal with the private equity firm Rhone allowed Quiksilver to keep the brand rather than sell it to pay off debt.
We knew with two people placed firmly on the Quik board of directors that Rhone would handle their business.
[Link: Shop-eat-surf.com]
I hope they didn’t cut the dudes that put Monster stickers on my car!
I heard Block was part of the 10% cut for losing to a FORD FESTIVA in the Xgames. tool….
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