BORDEAUX, France, Jan 31 (Reuters)– France’s coastguard on Wednesday aborted look for the head of the united state company that possesses the Quiksilver surfwear brand name, a day after his watercraft depleted vacant on the nation’s Atlantic shore, neighborhood authorities claimed.

Pierre Agnes had actually headed out angling in his 36-foot (11-meter) watercraft on Tuesday early morning and also later on sent a message to port authorities suggesting that he was postponing his return as a result of thick haze.

A sea search with 4 helicopters and also 2 watercrafts was introduced after his beached watercraft was located without him not much from Hossegor, the browsing hotel where the 54-year-old had actually laid out. The previous browsing champ signed up with Quiksilver in 1998 and also climbed in the rankings till he ended up being president in 2014 of surfwear store Boardriders, which possesses Roxy and also DC footwear in addition to Quiksilver.

He took care of the California- based business from Quiksilver’s European head office in Saint-Jean- de-Luz, a seaside community not much from France’s boundary with Spain.

Boardriders Inc introduced onJan 5 it had actually consented to acquire Australia’s Billabong International Ltd in a bargain that valued the business at A$ 197.7 million ($ 159.92 million).

The bargain came virtually 2 years after Boardriders arised from a five-month job in personal bankruptcy court set off by competitors and also functional concerns that tormented efficiency.

The business declared Chapter 11 personal bankruptcy defense in September 2015 and also moved control to united state exclusive equity company Oaktree Capital Management, its biggest debtholder, as component of the restructuring procedure.

Oaktree holds a 19 percent risk inBillabong (Reporting by Claude Canellas; composing by Leigh Thomas; editing and enhancing by Andrew Roche)

( c) Copyright Thomson Reuters 2018.