21 February 2014
Troubled Australian surfwear brand Billabong has said its turnaround plan will be a multi-year process as it revealed details of a new corporate structure as part of its strategy to accelerate growth.
21 February 2014
Australian surfwear brand Billabong has booked its fourth consecutive half-yearly loss as reconstruction costs and weakness in its international operations weighed on earnings.
6 February 2014
Billabong has said it will consider selling its e-commerce businesses as the struggling Australian surfwear brand continues with its ongoing turnaround efforts.
31 January 2014
Billabong shareholders have voted overwhelmingly in favour of a US$135m share issue that will transfer more than 40% of the business to two US private equity groups.
28 January 2014
The Australian Shareholders’ Association (ASA) is calling for a delay to the shareholder vote transferring more than 40% of fashion retail business Billabong to two US private equity groups.
7 January 2014
Australian surfwear brand Billabong has appointed industry executive Susan Branch to the newly-created role of global general manager for Billabong women's.
19 December 2013
Australian surfwear brand Billabong has made the first drawdowns from the revolving credit facility agreed with GE Capital for up to US$100m.
10 December 2013
Simplicity is the key to restoring fortunes at beleaguered surf-led apparel business Billabong, according to new CEO Neil Fiske.
10 December 2013
Any belief in a realistic rival deal for ailing surf-led apparel business Billabong “ignores the reality of the situation”, according to the company’s chairman.
9 December 2013
Increased costs, quality issues, and weakened demand resulted in job cuts and widened losses for certain retailers in 2013. But overseas expansion, the value of domestic manufacturing, and innovative products bolstered others.
4 November 2013
Struggling Australian surfwear company Billabong is to sell its West 49 chain in Canada to apparel retailer YM Inc, ending months of speculation.
26 September 2013
Billabong's general manager for Europe, Franco Fogliato, has been named the latest executive to leave the Australian surfwear company, and is headed to outdoor apparel and footwear firm Columbia Sportswear.
19 September 2013
In an unexpected move, surf-led apparel business Billabong has secured a long-term funding package from a rival consortium of two private equity businesses and named the former boss of Eddie Bauer as its new CEO.
5 September 2013
Having long sat on fashion's sidelines, Australasia has generated significant interest of late. In particular, the region's relative resilience to the financial turmoil which has plagued much of the northern hemisphere has proved to be a key attraction for international retailers, according to Euromonitor International.
2 September 2013
Struggling Australian surfwear company is facing calls for a board shakeup from one of its largest shareholders, in a move that could cloud a deal to finalise the company's long-term funding arrangements.
28 August 2013
Troubled Australian surfwear brand Billabong is attempting to move beyond recent turbulence and onto its turnaround plans, but uncertainty still remains.
27 August 2013
Australian surfwear brand Billabong has seen its losses worsen as it works to refinance its debt.
21 August 2013
Altamont Capital Partners has revised its long term financing agreement with troubled surfwear brand Billabong to gain approval from the Australian Takeovers Panel.
5 August 2013
Australian surfwear brand Billabong is paving the way for Scott Olivet, the former boss of Oakley, to take over as its new chief executive following the departure of Launa Inman on Friday (2 August).
23 July 2013
Billabong has today (23 July) completed the sale of its DaKine brand and refinancing with the Altamont consortium, despite an 11th hour rival bid.
19 July 2013
A US$294m refinancing deal announced this week by Billabong has been described as "anti-competitive and coercive" by the Australian surfwear brand's current lenders.
18 July 2013
Australian surfwear brand Billabong has confirmed that Centerbridge Partners and Oaktree Capital have made a rival refinancing bid, but that it will not pursue the offer.
16 July 2013
Australian surfwear brand Billabong will sell its DaKine clothing and accessories brand and let go of chief executive Launa Inman as part of a refinancing deal.
4 July 2013
Participants in Australian surfwear brand Billabong's AUD280m (US$255.3m) debt syndicate have reportedly exited their positions at a discount.
25 June 2013
Ailing Australian surfwear brand Billabong today (25 June) confirmed that refinancing and asset sale discussions with former suitors Altamont Capital Partners and Sycamore Partners are "well advanced".
4 June 2013
Australian surfwear brand Billabong has said takeover talks with two potential suitors have collapsed, as it lowered its full year profit forecast.
29 May 2013
Australian surfwear brand Billabong is reportedly looking to sell its Canadian business as speculation mounts that a full takeover of the company is unilkely to proceed.
23 May 2013
Kering-owned skatewear brand Volcom has appointed former Billabong executive Mandy Fry to the newly-created position as vice president of its women's division.
9 May 2013
Australian surfwear brand Billabong has requested a voluntary suspension of trading in its shares so it can progress takeover discussions with interested parties.
7 May 2013
Australian surfwear brand Billabong has placed its shares in another trading halt today (7 May) ahead of an update regarding the potential sale of the business.