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.
If you like this story, consider signing up for our email newsletters.
SHOW ME HOW
You have successfully signed up for your selected newsletter(s) - please keep an eye on your mailbox, we're movin' in!