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Quiksilver, Inc. Announces Joint Venture for China with Glorious Sun Enterprises Ltd.; Positions for Long-Term Growth in Asia/Pacific Region.

Publication: Business Wire
Publication Date: 10-MAR-03 		Format: Online - approximately 796 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--March 10, 2003

Quiksilver, Inc. (NYSE:ZQK), today announced that it has entered into a joint venture with Glorious Sun Enterprises, Ltd. for the opening of retail stores and wholesale distribution of its products in China.

The company noted that the joint venture's initial efforts would be focused on opening key retail locations in major retail markets such as Shanghai, Beijing and Hong Kong in order to secure a foothold in the market in advance of a wider distribution strategy. Initial plans call for the opening of 5-10 stores in the Shanghai market by late 2003 or early 2004. Nicolas Giannoli, formerly Chief Operating Officer of Quiksilver Europe, has relocated to Shanghai where he...



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