Quiksilver May Sell Pirate Surf Division
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COSTA MESA — Quiksilver Inc., one of the largest surf wear companies based in Orange County, plans to sell, license or shut down the Pirate Surf subsidiary it purchased a year ago.
“We don’t have all the facts yet” to decide which course of action to take, said company spokesman Jim White. The decision to take action regarding the Pirate Surf division came Friday as Quiksilver executives were discussing how to cut costs. The company has already announced that it anticipates a first-quarter loss because of the economic slump.
White described Pirate Surf as a small part of Quiksilver. It was purchased for less than $200,000, he said.
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