Billabong divests online platforms

2014-09-09T00:00:00

Billabong International has sold its multi-brand, surf-related e-commerce operations to an investors' consortium that includes the founders of Surfstitch, Justin Cameron and Lex Pedersen, for total proceeds of more than 35 million Australian dollars (€25.29m-$32.73m). The assets being divested are Billabong's 51 percent stake in Surfstitch.com, the Australian online surfwear ...

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