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As surfers hit the waves off Torquay on August 17, the challenges that lie ahead for the Australian surfing industry seem as vast as the ocean itself. Among the leading names in surfing gear—Rip Curl, Quiksilver, and Billabong—there is an unmissable concern:…
Gap has nixed plans to spin off its Old Navy subsidiary, saying that after further investigation the costs involved outweighed the benefits. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” said Robert…
Former Billabong International chief executive Neil Fiske has landed a new job steering the ship for Gap Inc.’s struggling namesake brand. After spending almost five years trying to flip the fortunes of Billabong prior to its acquisition by Boardriders…
Billabong International’s new owner Boardriders Inc is clearing the decks, appointing 17 new senior leaders that will oversee a turnaround of the company’s ailing global operations. Under the changes Billabong’s chief executive Neil Fiske will depart,…
Monday will be Billabong International’s last day of trading on the ASX after the Federal Court approved Quiksilver parent Boardriders Inc’s scheme of arrangement to acquire all of the issued shares in the company. The surf wear business will suspend from…
Billabong International has missed its earnings guidance, reporting a $77.1 million loss as impairments and declining sales in Asia Pacific weighed down on the business. The company booked a 2.8 per cent increase in earnings before interest, tax, depreciation…
Shares in Billabong have skidded as the struggling surfwear retailer said it will take an $11.7 million hit after terminating the service provider engaged to integrate its wholesale, retail stores, e-commerce and social media platforms on line. Billabong…
Australian surf label Billabong has opened its newest concept store at Lombok Epicentrum Mall. The store is part of Billabong Indonesia brand’s extensive retail roll out planned for this year and is a partnership with Royal Surf. “This is the perfect time for…
Struggling surf-wear retailer Billabong said on Thursday it received notice of a shareholder class action lawsuit over market disclosures it made four years ago. The Federal Court of Australia online register said law firm Slater & Gordon filed a statement of…
