Billabong: owners or receivers

Billabong's finances have been crippled. Now the board appears unable to make a decision.

An eerie silence hangs over crippled surfwear group Billabong International (BBG) and as each day passes, the chance of the company tipping into receivership increases.

After a flurry of activity last month - competing bids to restructure its debt, massive losses and a total writedown in asset values – nothing has been heard from the Gold Coast based group.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles