Quiksilver, Inc. is an American retail sporting company, founded in Torquay (Australia), and based in Huntington Beach, California and one of the worlds largest manufacturers of surfwear and other boardsport-related equipment. Its logo, designed by company founder Alan Green and John Law in Torquay, Victoria, Australia, in 1969, was inspired by Japanese painter Hokusais woodcut The Great Wave off Kanagawa. It consists of a large wave with a mountain on a red background. The company also produces a line of apparel for young women, under the brand Roxy. The Roxy logo consists of two copies of the Quiksilver logo, one reflected, forming a heart. Quiksilver has another line of apparel for women under the brand Quiksilver Women. As of 2013, the company lost financially for six years and initiated a turnaround plan in an attempt to resolve this. However, in September 2015 the company filed for bankruptcy. After emerging from bankruptcy in early 2016, the company once again became privately held with Oaktree Capital Management as the majority shareholder. Quiksilver purchased Skis Rossignol for $560 million in 2005, but sold Rossignol on 12 November 2008 for $37.5 million (30 million euros) in cash and a $12.5 million note (10 million euro). It owned golf-equipment maker Cleveland Golf up until 31 October 2007, when it sold the company to a Japanese sporting goods company. In 2009 Moodys included Quiksilver on its Bottom Rung list of companies most likely to default on its debt. Quiksilver also owns DC Shoes, a skateboard shoe brand.