Not a turnaround, or just downsizing, but he is gutting Quik. Only brands left are Quiksilver, Roxy and DC. Since they discussed selling DC before Mooney, I expect DC to be sold off this year. But the price of the brands sold hardly makes a dent in now $831 million debt, what is Mooney's long term plan for survival?
Surf people have mostly left Quik. Now becoming just another clothing company. I think Mooney wants to sell off Quik, making a big payoff for him. But who will buy with all this debt. The brand is no longer worth what it was.