Billabong news and archive

Boardriders announces new leadership structure after Billabong acquisition

As the Boardriders Inc. prepares to takeover Billabong International Limited today, it has announced changes to its top leadership team. After tragic disappearance of ex-CEO Pierre Agnès at sea in February, Dave Tanner stepped into the position. The company has now announced that the following appointments take effect after the closing of the...

Business

Boardriders officially to acquire Billabong brand

Boardriders just announced that its shareholders of Billabong International Limited have approved Boardriders' proposed acquisition of Billabong. Boardriders, Inc. currently owns and operates various sportswear brands including DC Shoes, Roxy, and Quiksilver. "We believe that this transaction represents the best value for all stakeholders –...

ManagementFeatured

UPDATE: Quiksilver takes over rival surfwear business Billabong

London - Boardriders Inc, the parent company behind skate and surfwear brands Quiksilver, Roxy and DC Shoes is set to take over rival surfwear label Billabong with the aim of creating 'the world's leading action sports company.' Boardriders announced it has signed a definitive agreement to take over all the shares of Billabong International...

Fashion

Billabong partners with Iggy Pop for surf, punk collection

Billabong just launched its newest artist collaboration. The Iggy Pop x Billabong LAB collection debuted today, December 4, as an exclusive apparel and accessory collection. In partnership with Iggy Pop, the surfwear brand collaborated with the musician to create a punk-influenced Spring 2018 collection. The collection was inspired by the era of...

Report

Quiksilver makes 150 million USD bid for Billabong

London - Quiksilver made a 150 USD dollar (110 million pounds) takeover bid for Australian rival Billabong. Boardriders Inc, the parent company behind surf and skatewear brands Quiksilver, Roxy and DC shoes, has made an indicative bid to acquire all of Billabong shares, others than those already owned by Boardriders’ related companies, at 1 USD...

Fashion

Billabong releases another Warhol Surf collection

Billabong just announced a second limited collection of Warhol Surf. The collaboration comes from Billabong LAB in order to support musicians, artists, designers, and more. The collection's name comes from Billabong LAB working with The Andy Warhol Foundation for the Visual Arts, a non-profit organization that leads funding for U.S. contemporary...

Report

Billabong appoints Jim Howell CFO

London - Surfwear label Billabong has appointed Jim Howell as its Chief Financial Officer. He succeeds Peter Myers, who served as Billabong's CFO since January 2013. Set to take on his new role at the struggling retailer on June 12, Howell joins the team at Billabong from Nordstrom, where he spent the past 10 years leading the finance and...

Management

Billabong losses widens in the first half

Billabong’s total sales of 508.3 million Australian dollars (392 million dollars) were down 5.8 percent on constant currency, taking the sale of Sector 9 into account. Group EBITDA excluding significant items of 29.3 million Australian dollars (22 million dollars) was down 21.1percent as reported and 20.9 percent on constant currency. Commenting...

Report

Billabong sells swimwear brand Tigerlily to Crescent Capital

Billabong International has said that it has finalized the sale deed of its Tigerlily business to Crescent Capital Partners. The company said, this transaction is in line with Billabong’s strategy to simplify its brand portfolio. Billabong said, sale of Tigerlily will raise 60 million dollars, with net proceeds from the sale used to retire debt....

Report

Billabong mulls over the sale of its smaller brands

London - Billabong is currently considering lightening its load by selling off a number of its brands such as VonZipper, Tigerlily and Xcel to help shrink down its 270 million dollar debt. During the Australian company's AGM, president Ian Pollard underlined Billabong's aim to turn its focus on strengthening its core brands Billabong, Element...

ManagementFeatured

Billabong expects to report EBIDTA growth in FY17

Total group sales excluding discontinued operations at Billabong were up 4.6 percent to 1.1 billion dollars, while on a constant currency basis the total sales were down slightly for the year. Revenues of the three big brands — Billabong, Element and RVCA — were up 5.3 percent globally. While first half EBIDTA is expected to be down due to...

Management

Billabong swings to full-year loss, sales up 4.6 percent

Billabong International’s total Group sales were 1.1 billion Australian dollars (839 million dollars), up 4.6 percent for the full year to June 30, 2016. Sales were down 1.4 percent on a constant currency basis. The company said, its big three brands continued to grow in global wholesale equivalent revenue - up in total by 5.3 percent for the...