Quiksilver have announced that they have “a binding offer for Rossignol from Chartreuse & Mont Blanc, which is headed by Rossignol’s former CEO Bruno Cercley’s. Chartreuse & Mont Blanc is majority owned by Macquarie Group (ASX:MQG) and supported by a non-voting minority interest by Jarden Corporation (NYSE:JAH), which owns K2. The deal is for approximately $146.7 million dollars.” The decision to sell Rossignol came after an announcement last January where Quiksilver stated its intention “to reduce its exposure to the winter sports equipment manufacturing business.” The timing of this announcement was interesting with the very exclusive premiere for the Quik supported snowboard flick, That’s It, That’s All, happening in Melbourne the night before. So basically, they’re doing the clothing and outerwear but bailing on the hardware side of things – sort of – cause Quik also owns DC which launched it’s line of snowboards this year to very favorable reviews. Confused? Me too. However, I think I’ve got it solved. Bob McKnight clearly just got T-Rice’s helicopter bill for August and is offloading assets to cover it.

Thanks to Transworld Biz for the tip!