Huntington Beach-based Quiksilver Inc. has sold a line of swimsuits for undisclosed terms.
The clothing maker sold the rights to its Raisins line of swimsuits to New York-based Breaking Waves International, a unit of AOM Holdings LLC.
Brian Ivanhoe, a Quiksilver vice president who oversaw the Raisins line, is set to join Breaking Waves next month.
Quiksilver, which makes clothes inspired by surfing, skateboarding and snowboarding, said it sold Raisins to focus on its mainstay Quiksilver, Roxy and DC shoes lines.
AOM approached Quiksilver about buying the brand, the company said.
Quiksilver bought the Raisins brand in 1993.
The company spent much of 2009 restructuring after 2005’s $560 million failed buy of French ski maker Rossignol.
Quiksilver sold money-losing Rossignol in a $50 million fire sale in late 2008 and struck a series of financing deals last year that kept the company afloat.
For a time, Quiksilver was widely believed to be shopping its DC Shoes brand but was able to hold on to it after striking an investment and loan deal with France’s Rhone Group LLC.
Quiksilver now is showing signs of a turnaround with its shares up more than 300% in the past 12 months on a market value of $720 million.
