See More Images Pierre Agnes in Hawaii in December
01 February, 2018, 01:12
The French coastguard on Tuesday searched for Pierre Agnes, the chief executive of USA surfwear retailer Boardriders Inc, after his 36-foot (10.97 m) sailboat was found washed up on the country's Atlantic coast.
A rescue workers searches for Pierre Agnes, the chief executive of Quiksilver surfwear brand, in Hossegor, southwestern France, on Wednesday.
But the situation turned serious when Agnes's boat washed ashore empty later that day in Hossengor.
Maritime authorities said two boats and three helicopters were involved in the search. The area is known for its large and sometimes unsafe waves, which have made it such a surfing hotspot.
Quiksilver, known for its surf wear, was founded in Australia but is now majority owned by a US -based investment group and based in Huntington Beach, Calif.
Mr Agnes, 54, was declared missing by port authorities when he reportedly set sail on Tuesday morning but did not return. He is a French citizen and resident, but spent time at Boardriders' Huntington Beach headquarters.
The Atlantic waters in the area where Agnes went missing are very cold at this time of the year and in that particular area can be very rough even if there are not any heavy winds in the area. It changed its name to Boardriders previous year.
Boardriders Inc announced on 5 January it had agreed to buy Australia's Billabong International Ltd in a deal that valued the company at A$ 197.7m ($159.92m). Anges was due to become president of the combined company and have what Boardriders referred to as a "substantial" role in the companies' integration.
Boardriders is looking to expand its presence overseas.
This article was originally published at 12:10 p.m.
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