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Rossignol for sale - Page 2

post #31 of 50
The way they are bleeding money...if they GAVE you Rossignol..you couldn't afford it.
post #32 of 50
Thread Starter 
Bleeding how ?
You already stated Rossi was in a very bad shape. Do you have any infos to share ? I can't find any good datas online.
post #33 of 50
-FWIW the turntable was killed off before the QS buyout...so you can't balme them for that...
-shipping issues are rampant in the ski industry (the group has been honest about it, unlike others i could mention that have had a container "fall off a ship" at least 3 of the last 4 years to cover shipping issues
-bode has badmouthed every former company he was involved with, why people keep coming to him with 2 year contracts is beyond me (although he has proven that a good athlete can win on anything so maybe the gear doesn't count?)....
post #34 of 50
The pivot binding was killed well before QS ever got involved in the company. The designers at Look were getting rid of pivot no matter what happened.

The shipping debacle of last year was ridiculous and was worse than most other shipping problems. When QS moved the shipping from VT to UT they had trouble getting the building ready and a staff in place to meet shipping deadlines. They were begging people from all over to come help them out. Reps, friends of reps, temps, executives, etc. were in the shipping dept. putting skis into boxes a month after everyone else had shipped.

Now the thing about the Rossi acquisition is that QS was looking for a brand that could dominate the industry. Innovative and high quality. They found that in Dynastar. QS wanted Dynastar and Rossi was part of the package. The QS dream is to dominate all aspects of snowsport and they believe that Dynastar is their ticket
post #35 of 50
Originally Posted by skierhj View Post
The pivot binding was killed well before QS ever got involved in the company. The designers at Look were getting rid of pivot no matter what happened.
Really? They got rid of it in the lower din models, but not only were they still making p18s, they started making them with wide brakes. Was that really just meant to be a last hurrah?

Not that I know for sure, but it just seems like they wouldn't have bothered offering them with a wide brake if they planned on killing them off. It seems more logical that the wide brake thing was a sign they were going to start making more of them, then other things happened and they got axed.
post #36 of 50
maggot, the p18/p15 wides only came about because there weren't enough PX15/18 made to cover WC/FIS athletes let alone the combined rossi/dynastar freestyle/freeride athletes
the decision to kill the pivot was at least 4 years ago...
post #37 of 50
Well for me Rossignol has died long ago, They were once the only big player in the snowboard market to offer niche products (like real racing snowboards not kid toys like F2 for GS, and great swallowtails) but 6-7 years ago decided that all they wanted was mainstream. The Rossi clothes line is great based on the gear I got from them - but then this was stuff sent to sponsored racers and handmade in Portugal, maybe general quality is not up there. But then who would want to buy a jacket for 1k in a store with Rossignol name on it, there were other brands better positioned but I liked that they offered real quality and not name only - though overpriced.

If they let Elan produce their skis, then this could greatly improve quality, no pun intended but Elan has all the knowledge to make fast and good quality skis as well for decent price and mainstream market - at least in their Austrian fab in Carinthia. Maybe Rossi might then again offer niche market goods, as Elan produces exclusive modells (I know that for snowboards) from around 20 pieces upwards. If you're in good contact with them, they might handbuild you 10 skis on custom order too for really decent price and good quality off course. In the end however the more you (Rossi) pay the better the quality for OEM.
post #38 of 50
ec, i can't think of any company that would bother to make a product that they can't sell
i worked for rossi when they were making all those cool race boards etc
the only problem was that everybody who wanted one thought they were a pro (or were going to be) so they wouldn't dare pay for the product (hey dude, you should sponsor me i'm really fast,,,,)

and seeing as the only time anybody actually watches race snowboarding is when there is a break in figureskating at the olympics maybe Rossi made the right choice?
post #39 of 50
Well there are enough, really enough companies that can survive quite well on that few people. In Europe we have at least 20 great small manufacturers that each probabely turn around 1000 boards or less, and in America you got Donek and Coiler that achieve probabely even higher numbers in exceptly that niche market. It's not contradictory for a main player to offer niche products, especially if all those people might then recommend the mainstream boards to their friends and people they meet on the slope, or ever wondered why Burton gives/gave out so many proforms, and skiclubs at least in Austria pay no more than 200bucks for their new ski sets at the beginning of the season, same holds true for full-time ski monitors.
post #40 of 50
Originally Posted by prickly View Post
Yeah, like Benetton did with Kaestle. Made the skis so ugly no one wanted to buy them anymore, ruined the brand and then bailed.
Man I loved Kastle skis!!!! BRING THEM BACK!!!
post #41 of 50
Quiksilver's Costly Ski Lessons

By Rich Duprey September 17, 2007

Looks like Quiksilver (NYSE: ZQK) won't be hitting the slopes this season -- or selling equipment to skiers and snowboarders, at least. Of course, the company never should have taken on the mountain in the first place. Just two and half years after purchasing its winter-sports brand, Quiksilver is reportedly considering three different offers for its Rossignol division.
The company plans to keep the brand name and continue a Rossignol apparel line, but it wants to unload the hard goods segment. Quiksilver has done well selling well-known clothing lines like Roxy and DC Shoes to its target teen market, but I think it made a serious error in buying the entirety of Rossignol two years ago. The ski maker had been facing declining sales and rising costs before the buyout, while losing market share to K2 and others.
The company's idea -- aside from bailing out a family friend of Quiksilver's president -- was to splash the Rossignol name on shirts, jackets, and other paraphernalia. While the skis might have lost their wax on the racks, the name still held cachet. CEO Bob McKnight wanted retail clothing sales to grow to 20 times their then-$50 million size. Unfortunately, a clunky ski manufacturer came tethered to the deal, dragging Quiksilver's own performance down.
K2, now owned by Jarden (NYSE: JAH), continued to grow through numerous acquisitions of its own. Head (NYSE: HED), Atomic, Elan, and Salomon were all chipping away at Rossignol's dominance. Sure, it was great that Quiksilver was expanding beyond its beach and skating scene, mixing in a whole new season of products. But I believe this is a classic example of Peter Lynch's de-worse-ification principle in action.
After the most recent quarter, when the company found itself riding the wrong wave, Quiksilver realized that its rising costs from the Rossignol were squeezing its bottom line. Earnings had fallen despite a 17% growth in sales, and the gross margin collapsed 1.4%. The company is clearly struggling to manufacture Rossignol gear, and I think it's time to retire from the sport. Quiksilver did announce the development of a new line of women's clothing, and it will continue to sell a full line of Rossignol-branded attire. Hopefully the company will find greater success by focusing solely on its portfolio of apparel brands; that way, it can at least salvage something from its Rossignol purchase.
There's no price yet disclosed on what anyone is willing to pay for the ski maker; since Quiksilver paid $500 million to acquire it, this could become an expensive lesson. Still, sometimes it's better to learn such lessons late than never at all.

post #42 of 50
Shopping Rossi may be good news for them down the line, but really a bummer right now for those of us who grew up respecting the brand. Recall an interview with QS prez when they bought Rossi; the guy came across as rich surfer/hippie with zero knowledge - but a lot of cool zen aphorisms - about skiing. Glad he really cared.

Quick question - Which was the last iteration of the Squads that had metal and at least some wood?
post #43 of 50
Copied from Bloomberg.com

Quiksilver Gets $147 Million Bid for Rossignol Unit (Update1)

By Allison Abell Schwartz
Aug. 27 (Bloomberg) -- Quiksilver Inc., a maker of clothing and footwear for beach and winter sports, said it has received a binding offer for the Rossignol Group from Chartreuse & Mont Blanc for 100 million euros ($147 million).
The offer for the ski-equipment unit includes 75 million euros in cash and a 25 million euro note, Quiksilver said today in a statement. The Huntington Beach, California-based company acquired Skis Rossignol SA in 2005 for 241 million euros.
The company said it wants ``to reduce its exposure to the winter sports equipment-manufacturing business'' and focus on its Quiksilver, Roxy and DC brands.
The retailer announced in January it was considering the possible sale of some of its winter-sports equipment businesses and hired JPMorgan Chase & Co. as an adviser. The company will use the proceeds from the sale of the Rossignol, Dynastar, Look and Lange brands to repay existing debt.
Quiksilver climbed 44 cents, or 5.7 percent, to $8.20 at 10:49 a.m. New York time in New York Stock Exchange composite trading. Earlier, the shares rose to $8.38, the biggest one-day gain since March 18. Before today, the shares lost 9.6 percent this year.
Chartreuse & Mont Blanc is majority-owned by Macquarie Group Ltd. and is headed by Bruno Cercley, a former chief executive officer at Rossignol.
To contact the reporter on this story: Allison Abell Schwartz in New York at aabell@bloomberg.net.
Last Updated: August 27, 2008 10:50 EDT
post #44 of 50
Amazing at current exchange rates, the $147 MM price is just under 100 million euros compared to a purchase price of 241 million. A paper loss of 141 million Euros (59%) in 3-years not accounting for changes in currency value.

Of course the bet by Quicksilver the seller is, that it is still a loser. Looks like the French ski equipment company is back to its roots with Chartreuse & Mont Blanc. This might be a good thing.
post #45 of 50
Let's hope so.

They seem to have some nice skis this year. Hopefully that still counts for something.
post #46 of 50
Originally Posted by epic View Post
They seem to have some nice skis this year. Hopefully that still counts for something.
No, not at all... but it never really meant anything. Image is what matters.
post #47 of 50
Jarden Corp is a backer of C&MB. That ought to drive the conspiracy theorists around here crazy.
post #48 of 50
You mean....Völkl ?
post #49 of 50
Originally Posted by Cirquerider View Post
You mean....Völkl ?
and K2!

How do you say Nightengale in Chinese?
post #50 of 50
Originally Posted by Gotama View Post
and K2!

How do you say Nightengale in Chinese?
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