Surf-led fashion business Quiksilver has completed the sale of its majority stake in Surfdome to Australia's SurfStitch Group.

As part of the deal announced in November, Surfdome will continue to carry Quiksilver, Roxy and DC products under a two-year supply agreement. Quiksilver received around US$16m for its equity interest, loans and other amounts due from Surfdome.

The deal comes almost a year after Quiksilver said it was looking to sell its Surfdome Shop, Hawk Designs and Moskova brands, to refocus its strategy on its top-selling brands.