Authentic Brands Is Said to Near Deal for Quiksilver Parent

Authentic Brands Group Inc. is nearing a deal to pay about $1.3 billion for the parent of Quiksilver and Billabong surfwear brands, according to people familiar with the matter.

A deal for Boardriders Inc. could be announced as soon as next week, said one of the people, who asked to not be identified because the matter isn’t public. No final decision has been made and discussions could fall through. Boardriders, which also owns the Roxy brand, is controlled by Oaktree Capital Management. Read more at Bloomberg.