Billabong sells DaKine, installs Olivet

Billabong International will continue as an independent group with a new chief executive and managing director, Scott Olivet, and without one of its brands, DaKine. The new set-up is accompanied by a financial rescue package of 395 million Australian dollars (€276.1m-$363.2m), arranged by Altamont Capital Partners and GSO Capital Partners, ...

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