Volcom Announces Acquisition of Laguna Surf & Sport
21 Luglio 2008 - 2:00PM
Business Wire
Volcom, Inc. (NASDAQ:VLCM) today announced a definitive agreement
to acquire the retail operations of Laguna Surf & Sport, a core
retail partner in Southern California that operates two stores
serving the Laguna Beach and Aliso Viejo communities. The stores
will continue to operate under the same name and experienced retail
team. Terms of the transaction were not disclosed. �Laguna Surf
& Sport has been a landmark on the Southern California surf and
skate scene for many years and this acquisition further
demonstrates our dedication to core retail and its importance to
Volcom,� said Richard Woolcott, chairman and chief executive
officer of Volcom. �It�s great to now be more strongly aligned with
one of our longest standing accounts and we look forward to working
together even more closely in the years to come.� �This agreement
truly represents a relationship that has come full circle,� said
Eric John, owner of Laguna Surf & Sport. �I have watched Volcom
grow from a small operation to a leading global board sports brand
and I�m excited to be more closely involved with the company. I am
confident our new partnership will continue to enhance the retail
experience of Laguna Surf & Sport.� About Volcom, Inc. Volcom
is an innovative designer, marketer and distributor of premium
quality young mens and womens clothing, accessories and related
products. The Volcom brand, symbolized by The Stone, is
athlete-driven, creative and forward thinking. Volcom has
consistently followed its motto of �youth against establishment,�
and the brand is inspired by the energy of youth culture. Volcom
branded products are sold throughout the United States and
internationally. Volcom�s news announcements and SEC filings are
available through the company�s website at www.volcom.com.
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