Quiksilver stock rocketed up this morning on rumors the company may be taken over by French multinational holding company PPR, according to Reuters.
French newspaper La Tribune reported that the owner of the Gucci, Yves Saint Laurent, Puma and Bottega Veneta brands is looking to buy a sports brand and could be attracted by the Huntington Beach, California-based seller of adventure sports apparel.
The stock was up nearly 18 percent on the news. The French certainly do love them some Quiksilver, don’t they?
[Link: Reuters]
