Articles with tag billabong

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Billabong to make a turnaround with simplified strategy plan

"Fewer, bigger and better" is what surfwear retailer Billabong is aiming for over the next 18 months to three years when the company focuses on turning around the business, which has been drowning in debt for the last few years.

Posted Wed 11/12/2013 12:00:00 / Read More »

Billabong gets $315M cash injection to pay off debt

Debt troubled surfwear retailer Billabong has received approximately AUD$315.8 million in funding from its new private equity partners, Centrebridge Partners and Oaktree Capital Management.

Posted Mon 04/11/2013 12:00:00 / Read More »

Billabong posts $859.5m loss but remains optimistic

Billabong has a long road ahead of them as it plans to turn the company around after reporting a massive net loss of $859.5 million for the 2013 financial year.

Posted Tue 27/08/2013 12:00:00 / Read More »

Billabong creditors challenge refinancing deal

The surfwear retailer's two main creditors lodged an application with the federal government's Takeovers Panel challenging the refinancing deal.

Posted Mon 22/07/2013 12:00:00 / Read More »

Billabong seals debt refinancing deal as Launa Inman gets bumped

Billabong's discussions with each of the Altamont Capital Partners and Sycamore Partners regarding a debt refinancing deal have finally concluded but that has also meant Launa Inman's role as CEO of the company has been short-lived.

Posted Wed 17/07/2013 12:00:00 / Read More »

Billabong debt refinancing discussions

Billabong has said refinancing and asset sale discussions with potential suitors Altamont Capital Partners and Sycamore Partners are "well in advance".

Posted Thu 27/06/2013 12:00:00 / Read More »

Billabong's plan for a takeover falls through

Surfwear retailer Billabong is looking for an alternative option after talks of a takeover with two private equity firms has ended.

Posted Thu 06/06/2013 12:00:00 / Read More »

Billabong in trading halt - again

Billabong has entered into another trading halt ahead of a confirmed takeover.

Posted Tue 07/05/2013 12:00:00 / Read More »

Talks about Billabong takeover extended

Billabong has granted its potential buyer Sycamore Consortium an extra 10 days of exclusivity as talks about a takeover continues.

Posted Wed 24/04/2013 12:00:00 / Read More »

Time ticks for Billabong

While Billabong's share prices continue to fall, the market waits eagerly to see if the surfwear's latest negotiations will help save the troubled company.

Posted Mon 15/04/2013 12:00:00 / Read More »

Billabong on indefinite suspension

Billabong is currently being suspended indefinitely as negotiations with two potential buyers continue.

Posted Thu 04/04/2013 12:00:00 / Read More »

Billabong comes to trading halt

This is the second trading halt the surfwear company has called for less than two weeks.

Posted Tue 02/04/2013 12:00:00 / Read More »

Billabong results take a hard hit

As Billabong undergoes its four year long transformation strategy, which was announced in August 2012, the company has had to take a hard hit before improvements can be seen.

Posted Mon 25/02/2013 12:00:00 / Read More »

Billabong receives sixth offer

Billabong has received another takeover offer.

Posted Tue 15/01/2013 12:00:00 / Read More »

Network Ten exec joins Billabong

Billabong has appointed a new chief financial officer.

Posted Mon 14/01/2013 12:00:00 / Read More »

Billabong says it was unanimous

Billabong's chairman Ted Kunkel has defended the company's decision made earlier this year to reject the proposed offers for a takeover.

Posted Thu 25/10/2012 12:00:00 / Read More »

New director joins Billabong

Billabong has appointed a new member to the board as non-executive director.

Posted Thu 25/10/2012 12:00:00 / Read More »

TPG withdraws offer from Billabong

Billabong's only remaining bidder TPG has now withdrawn its offer to buy all of the company's shares.

Posted Mon 15/10/2012 12:00:00 / Read More »

Billabong announces board restructure

Billabong has appointed Ian Pollard as a director and Chairman Elect of its Board who join the committee on 24 October 2012.

Posted Wed 10/10/2012 12:00:00 / Read More »

Billabong's mystery bidder withdraws offer

Billabong's unknown bidder has withdrawn its offer after making a bid for the surfwear company on September 6.

Posted Mon 24/09/2012 12:00:00 / Read More »

For sale: Rip Curl

Surfwear brand Rip Curl has been hit by the downturn in consumer spending and is now up for sale.

Posted Mon 17/09/2012 12:00:00 / Read More »

Unknown party bids on Billabong

In less than six weeks of receiving an offer from TPG International for $1.45 cash per share, surfwear retailer Billabong has received another proposal from an unnamed bidder for a takeover.

Posted Thu 06/09/2012 12:00:00 / Read More »

New plans for Billabong

Billabong has announced its transformation strategy, which is expected to provide a clear pathway to unlocking the inherent value within the Billabong Group.

Posted Tue 28/08/2012 12:00:00 / Read More »

Billabong invites TPG for inspection

Following TPG's second bid, Billabong has granted the company the opportunity to conduct non-exclusive due diligence.

Posted Fri 27/07/2012 12:00:00 / Read More »

TPG makes second offer to Billabong

TPG, who has secured the support of Colonial First State and Perennial Value Management, has offered its second takeover bid to Billabong of $1.45 per share.

Posted Wed 25/07/2012 12:00:00 / Read More »

Billabong switches leader

Billabong has picked former Target managing director Launa Inman to help lead the company out of trouble.

Posted Wed 09/05/2012 12:00:00 / Read More »

Billabong, TCP settle $285M joint venture

Billabong has completed the partial sales of Nixon to its joint venture partner Trilantic Capital Partners for US$285 million.

Posted Tue 17/04/2012 12:00:00 / Read More »

Billabong US reports strong trading

As Billabong continues to swim in deep waters after reporting an earnings slump in its half year results, rejecting TPG's offer to buy half of its assets and the decision to close stores, its US operation continues to remain strong.

Posted Mon 12/03/2012 12:00:00 / Read More »

Billabong cuts 400 jobs

This comes as part of the surfwear company’s announcement of its first half year profits where it achieved a mere $16.097 million.

Posted Mon 20/02/2012 12:00:00 / Read More »

Euro crisis dampens Billabong's sales

Just like its fellow retailer JB Hi-Fi, Billabong was reporting at its AGM in October to be trading wel but this quarter the sales growth trend has "deteriorated significantly".

Posted Mon 19/12/2011 12:00:00 / Read More »

Billabong gears up for profitable year

The company has reported that total sales for the September quarter were up 24.7 per cent over the same period in the prior year.

Posted Wed 26/10/2011 12:00:00 / Read More »

Quake shakes Billabong's profits

The company said that while its offices and warehouses in Japan have not suffered any physical damage, a number of its company owned retail stores and wider wholesale account base will likely to be affected.

Posted Thu 17/03/2011 12:00:00 / Read More »

Weak summer doesn't defeat Billabong

The company reported $834.9 million in group sales revenue, which was up 15.8 per cent in Australian dollar terms compared to the prior corresponding year.

Posted Tue 22/02/2011 12:00:00 / Read More »

Rough surf for Billabong

The company now anticipates first-half NPAT will be 8 to 13 per cent lower than the prior year in constant currency terms.

Posted Thu 16/12/2010 12:00:00 / Read More »

Billabong acquires surf store

The company has acquired 38 retail stores from the General Pants Group and associated parties.

Posted Thu 11/11/2010 12:00:00 / Read More »

Billabong struggles with strong dollar

Billabong has predicated that earnings will be reasonably flat in 2010-11 as the company experiences pressure from the strong Australian dollar.

Posted Fri 29/10/2010 12:00:00 / Read More »

Billabong expands with SDS

Expected to be completed on 1 November 2010, the acquisition comprises of 38 SDS and Jetty Surf retail banners, along with two licensed Billabong stores.

Posted Fri 01/10/2010 12:00:00 / Read More »

Strong sales for Rip Curl

Strong sales in Australia and the region have helped surfwear company Rip Curl

Posted Fri 30/10/2009 12:00:00 / Read More »

Billabong sells DaKine to pay off debt

Billabong has sold its DaKine brand to complete a $325 million bridge loan as part of paying off its debts.

Posted Thu 01/01/1970 12:00:00 / Read More »

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