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Richard Woolcott

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BUSINESS
May 3, 2011 | By Andrea Chang, Los Angeles Times
Volcom Inc., the Costa Mesa surf-and-skate brand, announced Monday that it had agreed to be sold to Paris-based PPR for $607.5 million. The French luxury and retail group contains some of the world's best-known labels, including Gucci, Yves Saint Laurent, Balenciaga and Alexander McQueen. PPR's brands are distributed in more than 120 countries. The cash deal, for $24.50 a share, was a 37% premium over the three-month average trading price of Volcom shares. The acquisition is expected to be completed during the third quarter, the companies said.
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BUSINESS
May 3, 2011 | By Andrea Chang, Los Angeles Times
Volcom Inc., the Costa Mesa surf-and-skate brand, announced Monday that it had agreed to be sold to Paris-based PPR for $607.5 million. The French luxury and retail group contains some of the world's best-known labels, including Gucci, Yves Saint Laurent, Balenciaga and Alexander McQueen. PPR's brands are distributed in more than 120 countries. The cash deal, for $24.50 a share, was a 37% premium over the three-month average trading price of Volcom shares. The acquisition is expected to be completed during the third quarter, the companies said.
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BUSINESS
July 1, 2005 | Leslie Earnest, Times Staff Writer
The surf wasn't the only thing that was up for Volcom Inc. on Thursday. Shares of the Costa Mesa youth apparel maker soared 41% in first-day trading, the second-best debut this year. Volcom shares closed at $26.77, a gain of $7.77 from their $19 opening price, after rising as high as $31.20. That added $181 million to the company's market value, which stood at $625.3 million at the close of trading.
BUSINESS
June 30, 2005 | Leslie Earnest, Times Staff Writer
Surfwear maker Volcom Inc. priced its initial public offering at a higher-than-expected $19 a share, Reuters reported Wednesday, citing an underwriter. The Costa Mesa company, which said in an earlier regulatory filing that it planned to sell 4.7 million shares at $15 to $17 a share, declined to comment on the IPO pricing. The stock is expected to begin trading today on Nasdaq under the ticker symbol VLCM. IPO experts say surf and skate apparel retailer Zumiez Inc.'
BUSINESS
June 4, 2005 | Leslie Earnest, Times Staff Writer
Volcom Inc., the Costa Mesa youth apparel company that hopes to raise about $86 million in an initial public stock offering, said in a regulatory filing that nearly 30 years ago Chairman Rene Woolcott settled allegations of insider trading.
BUSINESS
May 3, 2005 | Leslie Earnest, Times Staff Writer
Surf wear maker Volcom, whose "youth against establishment" mantra helped it become one of the industry's hottest brands, is diving headfirst into the mainstream by going public. The Costa Mesa company said in a regulatory filing that it planned to sell as much as $86.3 million in stock. That sets it on a path paved by industry leaders Quiksilver Inc. in Huntington Beach and Billabong International Ltd. in Australia.
CALIFORNIA | LOCAL
December 26, 1985
The unanimity with which the United Nations recently condemned kidnaping and hostage-taking by terrorists is at least a basis for moving ahead with the struggle to isolate those seeking to win power through heinous crimes against innocent people. The effectiveness of the resolutions will now depend on the willingness of all nations to respect them. And that may not be easy. Richard Woolcott, the Australian representative on the U.N.
BUSINESS
August 9, 2005 | Leslie Earnest, Times Staff Writer
Youth apparel maker Volcom Inc. reported Monday its first quarterly earnings since going public, offering fresh indications of the rapid growth that has made it a stock market darling this year. The Costa Mesa-based company reported better-than-40% increases in operating income and revenue; net income declined about 10% because of a tax adjustment and a one-time charge.
BUSINESS
June 6, 2005 | Leslie Earnest, Times Staff Writer
It was the last night of its annual conference, and the Tribe, as the surf industry calls itself, was stoked. Clothing makers, sales directors, marketing experts and shop owners gathered on the beach for an awards ceremony. When Volcom Inc. of Costa Mesa was named manufacturer of the year, supporters chanted "Wool-y, Wool-y" as pals carried the company's chief executive to the stage.
CALIFORNIA | LOCAL
April 16, 2009 | Adam Tschorn
Richard "Dick" Baker, who helped shape the surf apparel industry as president of the Surf Industry Manufacturers Assn. and president and chief executive of the iconic Ocean Pacific brand, has died. He was 62. Baker, who lived in San Clemente, died after a two-year battle with cancer Tuesday morning at Mission Hospital in Mission Viejo.
BUSINESS
July 29, 2006 | Leslie Earnest, Times Staff Writer
Volcom Inc.'s stock plunged 29% on Friday, a day after the youth apparel maker said it expected declining sales this quarter from its biggest customer, Pacific Sunwear of California Inc. At one point during trading, investors sent the stock down to $18.90, below last year's initial public offering price of $19. Shares closed at $20.04, down $8.36. It was a stunning comedown for the Costa Mesa company, a Wall Street darling since its first day of trading last summer, when its shares soared 41%.
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