May 24, 2013

Billabong Starts Selling Retail

In another sign that the negotiations with Paul Naude and other suitors may not be progressing well, Billabong has started to push forward with the sale of some of its retail holdings. They have begun by hanging the sign out on the 70 store West 49 chain, 18 Amnesia stores and two Element stores. The company said, “We have previously detailed our plans around transformation and global simplification including retail, and where and when appropriate we will action them.” More on this over here.

by POP Magazine