AUSTRALIA: Billabong to acquire stake in Surfstitch
Author: just-style.com | 23 December 2009
Surfwear group Billabong International Limited is to buy a stake in Australia's leading online boardsports retailer, Surfstitch, for an undisclosed sum.
The agreement will also give Billabong the option to acquire 100% of the business, the company said today (23 December).
The deal comes a month after Billabong revealed plans to buy US-based online boardsports retailer swell.com, in a move to allow it to manage its brands in the growing online market.
Companies: Billabong
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