Global Action Sports Portfolio Deal

  • Authentic Brands Group acquires Boardriders
  • Expansion of Authentic’s portfolio with Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, and Honolua brands
  • Boardriders generates $2.9bn in annual retail sales through 500+ owned stores, 7,000 wholesale accounts, and e-commerce in 35 countries

Authentic Brands Group has made a binding offer to acquire Boardriders, a global action sports and lifestyle company, from funds managed by Oaktree Capital Management. The acquisition will diversify and expand Authentic’s portfolio with the addition of Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, VonZipper, and Honolua brands. Boardriders is a highly diversified global business with operations across continents, generating $2.9bn (£2.3bn) in retail sales annually through a multichannel distribution network of 500-plus owned retail stores, 7,000 wholesale accounts, and e-commerce in 35 countries. The deal is expected to be finalized in Q3 2023 after certain standard closing conditions are approved.

Factuality Level: 10
Factuality Justification: The article provides accurate information about a business acquisition, includes quotes from relevant parties, and discusses the potential benefits of the deal for both companies.
Noise Level: 3
Noise Justification: The article provides relevant information about a business acquisition and its potential impact on the involved companies’ portfolios and operations. It includes quotes from key figures and offers insights into the future plans for growth and expansion. However, it lacks in-depth analysis or discussion of long-term trends or consequences for those affected by the decision.
Financial Relevance: Yes
Financial Markets Impacted: The acquisition of Boardriders by Authentic Brands Group may impact the financial performance of both companies involved as well as the retail and fashion industries.
Financial Rating Justification: The article discusses a significant business acquisition in the retail and fashion industry, which can have financial implications for the involved companies and potentially affect related markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the article

Reported publicly: www.retailsector.co.uk