Boardistan is reporting that Texas-based oil man William Kallop dba Offshore Exploration and Production LLC, has purchased 9,081,590 shares of Quiksilver common stock (garnering him 7.2% of the company).
Just to be clear – this is in no way an indictment of our friends at Quiksilver. They’ve been one of our greatest supporters over the years. It’s just that seeing an offshore drilling company buy into a surf brand seems like a bit of a conflict of interest to us; sort of like Jesse James or Tiger Woods hosting the “Husband of the Year” awards.
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Click here to read the article on Boardistan.