As reported on www.news.com.au
Surfwear giant Quiksilver has shed Australia-wide surfing sponsorships to tighten its belt as its US share price dipped below $US1 on Friday.
But the company is committed to staging Australia’s largest professional surfing event, the Quiksilver Pro, on the Gold Coast in February.
Quiksilver Inc, an Australian-born surf brand with its international base in California, has been in steady decline on the New York Stock Exchange since September.
It has ended its sponsorship of state junior championships in Australia and Quiksilver’s female surfwear firm Roxy also has dumped its World Qualifying Series tournament in Victoria.