Billabong

Retail Asia21/01/2020

Gap has nixed plans to spin off its Old Navy subsidiary, saying that after further investigation the costs involved outweighed the benefits. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” said Robert Fisher, Gap Inc’s interim president and CEO. “While the objectives of the separation […]

Retail Asia18/06/2018

Former Billabong International chief executive Neil Fiske has landed a new job steering the ship for Gap Inc.’s struggling namesake brand. After spending almost five years trying to flip the fortunes of Billabong prior to its acquisition by Boardriders earlier this year Fiske will again be responsible for a disrupted retail business. As the president […]

Retail Asia24/04/2018

Billabong International’s new owner Boardriders Inc is clearing the decks, appointing 17 new senior leaders that will oversee a turnaround of the company’s ailing global operations. Under the changes Billabong’s chief executive Neil Fiske will depart, alongside CFO Jim Howell, general counsel Tracey Wood, HR chief Mara Pagotto and GSM Operations GM Paul Burdekin. Boardriders […]

Retail Asia10/04/2018

Monday will be Billabong International’s last day of trading on the ASX after the Federal Court approved Quiksilver parent Boardriders Inc’s scheme of arrangement to acquire all of the issued shares in the company. The surf wear business will suspend from quotation and the close of trading on April 9, notifying the market that the […]

Retail Asia30/08/2017

Billabong International has missed its earnings guidance, reporting a $77.1 million loss as impairments and declining sales in Asia Pacific weighed down on the business. The company booked a 2.8 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to $51.1 million for the year ended 30 June on a constant-currency basis […]

Retail Asia01/08/2017

Shares in Billabong have skidded as the struggling surfwear retailer said it will take an $11.7 million hit after terminating the service provider engaged to integrate its wholesale, retail stores, e-commerce and social media platforms on line. Billabong shares finished six cents, or 7.3 per cent, lower at 76 cents on Friday. The retailer said […]

Retail Asia09/07/2015

Australian surf label Billabong has opened its newest concept store at Lombok Epicentrum Mall. The store is part of Billabong Indonesia brand’s extensive retail roll out planned for this year and is a partnership with Royal Surf. “This is the perfect time for us to strengthen our relationship with Royal Surf given the good performance […]

Retail Asia04/04/2015

Struggling surf-wear retailer Billabong said on Thursday it received notice of a shareholder class action lawsuit over market disclosures it made four years ago. The Federal Court of Australia online register said law firm Slater & Gordon filed a statement of claim a day earlier. A Slater & Gordon spokesperson was not immediately available for […]

Tag: Billabong

Costs cited as Gap cancels Old Navy spinoff plans

Former Billabong chief bags top job at Gap

Boardriders appoints new Billabong management

Billabong’s last day on the Exchange

Australia burns Billabong

Billabong shares dive on omni write-off

Billabong Indonesia opens in Lombok

Surfwear retailer Billabong rejects class action claim