Quiksilver CEO missing after his empty boat washes up on French beach

Quiksilver CEO missing after his empty boat washes up on French beach

A desperate search is underway after a boat belonging to surfwear and fashion boss Pierre Agnes washed up empty on a beach in south west France.

According to the World Surf League, Agnes left Capbreton Harbor at 7.30am on Tuesday and his boat was found two hours later.

Surf legend Kelly Slater has already given a tribute to Mr Agnes and while he was still "praying for a miracle", he indicated that he thought the Quiksilver CEO was dead by speaking about him in past tense.

"His boat was recovered on the beach near his hometown and Pierre has not been heard from since", the company said in a statement.

Pierre Agnès has been working for Quiksilver since 1998.

The local coast guard said it had suspended the search for Agnes on Tuesday night and would resume the operation on Wednesday morning.

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Rescuers did not say whether he had been traveling alone.

His disappearance caused consternation in the surfing community around the world.

Quiksilver, known for its surf wear, was founded in Australia but is now majority-owned by an American investment group and based in Huntington Beach, California.

Boardriders, which is 85 percent controlled by US private equity firm Oaktree Capital, owns the Quiksilver, Roxy and DC Shoes brands.

L.A. -based Oaktree Capital Management owns most of Boardriders.

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