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SurfStitch creditors have approved a proposal from EziBuy to take over the embattled surfwear company and either relist or sell it in the next three years, bringing the online retailer’s drawn-out administration to a close on Wednesday. Nearly two-thirds of…
The administrators of Surfstitch Group and Surfstitch Holdings have announced the sale of wholly owned UK subsidiary, Surfdome Shop Limited to Internet Fusion Limited. Internet Fusion has paid cash and has an obligation to pay deferred consideration for the…
A party previously involved with Surfstitch has submitted a draft bid to restructure the company, which would see it re-list on the ASX, pending support from a creditor vote in coming months. Administrators FTI Consulting, appointed last week, notified…
Struggling surfwear chain, Surfstitch Group, has today entered administration after appointing John Park, Quentin Olde and Joseph Hansell of FTI Consulting effective immediately. The retailer’s online companies, SurfStitch (Aus), SurfDome (UK) and Swell (US),…
Sam Weiss, chairman of struggling surfwear retailer, Surfstitch, has survived a shareholder’s attempt to remove him from the post. Crown Financial, which has a more than a five per cent stake in Surfstitch, had sent the company a notice of requisition to hold…
Online surf and action sports retailer Surfstitch is on track to deliver its first profit in three years and is eyeing the sales and market share of bricks and mortar and online rivals as part of a five-year plan to lift sales fivefold to AUD1 billion…
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