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Quiksilver acquires Beach Street Inc.

Sportswear retailer Quiksilver Inc., Huntington Beach, Calif., has announced its acquisition of Beach Street Inc., the owner and operator of 26 Quiksilver outlet stores. The all-stock transaction will integrate the operations of Beach Street with its own QS Retail Inc. division, and the company expects

to add about $12 million in revenues to fiscal 2003 results. The 26-store, 16-state chain was acquired for $7.5 million, payable in stock valued at $25 per share. The company targets youthful, athletic-minded clientele with surfwear, swimwear and sportswear sold under brands including Quiksilver, Raisins, Roxy and Radio Fiji.

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