Authentic Brands Group closes Boardriders acquisition (2024)

FAQs

Authentic Brands Group closes Boardriders acquisition? ›

Authentic Brands Group now has annual retail sales in excess of $29 billion worldwide thanks to Friday's closing of its deal to acquire Boardriders. In March, the brand development, marketing and entertainment firm inked a deal to acquire Boardriders, the parent of. At the time, Authentic had sales of $27.6 billion.

Bloomberg estimated the sale price to be around $1.3 billion. Note that Blue Star bought Hurley in 2019 — the same year ABG bought Volcom. A comparison of how things played out at Hurley and Volcom could help us establish what this means for the Boardriders brands.

Authentic Brands Group, the new owner of the Boardriders brands, has signed a multitude of new operating partners around the world for brands such as Quiksilver, Roxy, Billabong, RVCA, Element, DC Shoes, and more as the brands move to a licensing model.

As surf fans know, Roxy, along with Quiksilver, Billabong, RVCA et. al. was scooped up by licensing giant Authentic Brands Group a handful of months ago.

Funding, Valuation & Revenue

Authentic Brands Group's valuation in June 2023 was $20,000M.

The Company's apparel and footwear brands, represent a casual lifestyle for young‐minded people who are inspired by a passion for outdoor action sports. The Company's Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, VonZipper, Kustom and Palmers brands have authentic roots and heritage in surf, snow and skate.

In August 2019, BlackRock became the largest shareholder in Authentic Brands.

Authentic Brands Group, With Shaquille O'Neal As Its Second-Largest Shareholder, Agrees To Buy Champion In $1B Deal. Shaquille O'Neal's Authentic Brands Group (ABG) deal continues to pay off.

As President and CMO, Woodhouse has forged a path alongside CEO Jamie Salter, establishing the company's point of marketing differentiation early on, with a digital focused strategy prior to the advent of social media into mainstream marketing.

Are Roxy and Billabong the same company? ›

Boardriders, Inc. currently owns these brands: Quiksilver, Roxy, DC Shoes, Billabong, Element, Von Zipper, RVCA, and XCEL. In April 2023, Authentic Brands Group made a binding offer to acquire Boardriders, Inc. for US$1.25 billion.

The New York-based brand management and licensing company said Friday morning it closed on its acquisition of Quiksilver, Roxy, Billabong, DC, and RVCA among other brands. The brands will now move to a licensing operating model.

Dianna Flournoy - ceo - roxy inc | LinkedIn.

Boardriders does not report financials, so the last report we have of company revenue was a Moody's report, which stated Boardriders' revenue totaled $1.7 billion for the 12 months ended Jan. 31, 2022.

Today, Boardriders Inc. and all of its brands — Billabong, Quiksilver, RVCA, Roxy, DC, Element, and Honolua — were sold to Authentic Brands Group (ABG) for 1.3 billion dollars… that's billion with a 'B'.

“Authentic Brands Group is pleased to confirm the completion of its purchase of world-renowned super brands Quiksilver, Billabong, Roxy, RVCA, DC Shoes, Element, VonZipper, Honolua, and Boardriders,” Authentic said in a statement.

The Boardriders acquisition closed earlier this month, giving Authentic ownership of Quiksilver, Billabong, Roxy, RVCA, Honolua and Boardriders, among other brands.