Australia’s Billabong Faces Possible Class Action Lawsuit

Billabong's 'Made for Living' campaign | Source: Billabong

SYDNEY, Australia — Law firm Slater & Gordon Ltd said on Thursday it was preparing a class action lawsuit against Australian surfwear company Billabong International Ltd over alleged misleading conduct in information disclosure.

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Market Pulse | Buying Designers Like It’s 1999

Savigny Luxury Index September 2013 | Source: Savigny Partners

The Savigny Luxury Index has gained good ground in September and is up by 3.7 percent, outperforming the MSCI World Index by over one percentage point, as Asian tourist flows to Western fashion hubs remain strong and the world’s largest luxury conglomerates snap up young designers, reports Pierre Mallevays of Savigny Partners.

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Billabong Accepts Refinancing Offer From Centerbridge, Oaktree

Billabong Colour of Love Campaign | Source: Billabong

GOLD COAST, Australia — Billabong International Ltd., the unprofitable Australian surfwear company, accepted a refinancing proposal from a group including Oaktree Capital Management LP and Centerbridge Partners LP, saying it offered better terms than a rival plan to repay debt.

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Coastal Capital Wants Billabong Board Shakeup as Altamont Waits

Billabong Colour of Love Campaign | Source: Billabong

BURLEIGH HEADS, Australia — Billabong International Ltd., the Australian surfwear company that’s already fielded five takeover and refinancing proposals since February 2012, said Coastal Capital International Ltd. is seeking a board shakeup.

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VF Says It Dropped Pursuit of Billabong Brand as Too Expensive

Billabong Colour of Love Campaign | Source: Billabong

GREENSBORO, United States — VF Corp., the world’s largest apparel maker, dropped its pursuit of Billabong International Ltd.’s surf brand and stores because the Australian company wanted more than VF thought it was worth.

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Australian Regulator Declines to Delay Billabong Deal

Billabong Colour of Love Campaign | Source: Billabong

SYDNEY, Australia — Australia's takeover regulator declined a request from Oaktree Capital Management and Centerbridge Partners to delay a $359 million refinancing deal surfwear for company Billabong International Ltd on anti-trust concerns.

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Billabong to Study Rival Refinancing Deal from U.S. Debt Funds

Billabong Spring 2013 Campaign | Source: Billabong

SYDNEY, Australia — Billabong International Ltd., the surfwear company that’s accepted a refinancing offer from a group led by Altamont Capital Partners, said it would study a competing proposal from two U.S. distressed-debt investors.

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Australia’s Billabong Strikes $359M Refinancing Deal; CEO Goes

Billabong Spring 2013 Campaign | Source: Billabong

SYDNEY, Australia — Australian surfwear company Billabong International Ltd will sell its DaKine clothing and accessories brand and jettison Chief Executive Launa Inman as part of a A$395 million ($359 million) refinancing deal with a former private-equity suitor.

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Billabong Extends Talks With Sycamore for A$287 Million Takeover

Billabong Spring 2013 Campaign | Source: Billabong

SYDNEY, Australia — Billabong International Ltd., Australia’s largest surfwear company, agreed to extend exclusive talks with a group led by a former director and Sycamore Partners Management for a A$287 million ($295 million) takeover for a further 10 days.

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