Costa Mesa-Based Action Sports Brand, Volcom Purchased by French Group for $607.5 Million
Richard Walcott and the folks at Volcom have good reason to pop a few bottles of the Champagne region's best bubbly. On Monday, the surf, snowboard and skateboard brand reported that it had been purchased by PPR, a French luxury and retail group.
Volcom, which uses the slogan, "Youth Against Establishment"--jeunesse contre l'establishmentje (someone check our translation!)--was started in 1991 by Wolcott, and went public in June 2005, at $19 per share. PPR purchased the brand at the price of $24.50 a share.
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