Boardriders, the company which owns Billabong, Quiksilver, RVCA, Roxy, DC Shoes, Element, and VonZipper brands, has cut more than 170 jobs this week in a move to reduce costs and simplify operations.
Currently owned by Oaktree Capital Management, Boardriders has been looking to sell for several months now and, amid an economic downturn, has eliminated more than 110 positions in the Americas and 60 in the Asia-Pacific region.
“The reorganization will reduce complexity across the value chain and more fully leverage the global platform the company has built,” reads the company’s statement on Shop Eat Surf. Just last month, Billabong sold their six-bed, four-bath Pipe house off market to a company insider for an estimated $6 million.
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