Pierre Agnes: Head of Quiksilver goes missing off sail of France
Pierre Agnes -- the CEO of Boardriders, Quiksilver's source company -- set out across his motorboat on a path fishing trip on Tuesday morrow from Capbreton, a surfing turn in southwestern France.
French authorities deployed four vessels and four helicopters on Tuesday to explore for him after the boat was discovered run aground and begin on a beach along the French coast northerly of Biarritz.
"The Boardriders family and entire surfing Terra are devastated by this news," the company said in a statement Tuesday. "We are concentrating on working with the local authorities on the search and rescue effort and supporting Pierre's family."
French authorities had name off the search by Wednesday afternoon. The coast guard said there was somewhat chance that Agnes had survived.
Agnes' boat was found washed up on a beach in southwestern France on Tuesday.
Agnes often goes fishing in the morning on his "beloved boat" to start his day, Boardriders said. He lives in Capbreton, his hometown, with his wife and three children.
His disappearance caused amazement in the surfing community encompassing the world.
"I love this man," Kelly Slater, an 11-time World Surf League champion, said in an Instagram post.
"I'm praying for a miracle but it's just starting to hit me what a profound effect this man had on my life and the surf leod at large," wrote Slater, who used to be sponsored by Quiksilver.
In a statement, the World Surf League noted the "deeply concerning reports" about Agnes' disappearance.
"Our thoughts and prayers are with his friends and family all at this time, as well as the search and save teams," it said.
Related: Quiksilver is merging with Billabong
Agnes afresh oversaw a deal that brought Quiksilver together with rival surf brand Billabong beneath the Boardriders umbrella.
Quiksilver and Billabong both started out in Australia more than 40 yonks ago and used surf civilization to sell clothing around the world.
Their popularity peaked in the 1990s, when their board shorts were a common glance on beaches from Bondi to Hawaii. But they both ran into trouble more anew with sinking sales and profits.
Quiksilver filed for bankruptcy in 2015. It was bailed out by Oaktree Capital Management, a Los Angeles-based investment firm that specializes in buying companies in financial difficulties and turning them around.
CNNMoney (Hong Kong)
First published January 30, 2018: 11:27 PM ET
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