As if the Rossignol part of the Quiksilver purchase wasn’t enough, the Cleveland Golf numbers were a huge drag on Quiksilver’s otherwise strong position in the sports marketplace. Now, it appears Quik can become even lighter on its feet now that it has announced the sale of Cleveland Golf to SRI Sports Ltd of Japan for a reported $132.5 million.
Quiksilver Chief Executive Robert McKnight said in a statement that Cleveland Gold was “not a strategic asset for us as we strive to maximize our core businesses and brands.”
How right he is.
[Link: Reuters]
