Billabong Falls to Record Low on Offer Below Inventory Value

Pedestrians walk past a Billabong International Ltd. store at Surfers Paradise, Australia | Photo: Patrick Hamilton/Bloomberg

SYDNEY, Australia — Billabong International Ltd., the surfwear maker whose founder last year said he wouldn’t sell for A$1 billion, fell to a record low in Sydney trading after entering talks on a A$287 million ($300 million) takeover.

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Billabong to Assess $299 Million Buyout by Sycamore Group

Billabong Spring 2013 Campaign | Source: Billabong

SYDNEY, Australia — Billabong International Ltd., the surf-wear maker whose founder last year said he wouldn’t sell for A$1 billion, agreed to assess a A$287 million ($299 million) offer by a group led by Sycamore Partners Management.

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Billabong Bidders Said To Seek Deal Less Than Half Initial Offer

Pedestrians walk past a Billabong International Ltd. store at Surfers Paradise, Australia | Photo: Patrick Hamilton/Bloomberg

SYDNEY, Australia — Private equity bidders for Billabong International Ltd. are seeking to buy Australia’s largest surf- wear company for as little as 50 Australian cents a share, two people with knowledge of the matter said. Billabong is seeking a higher offer and talks are continuing with the groups led by Altamont Capital Partners and Sycamore Partners Management, said the people, asking not to be identified as the talks are

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Billabong Slumps to Record Low as Takeover Deadline Approaches

Billabong Spring 2013 Campaign | Source: Billabong

SYDNEY, Australia — Billabong International Ltd., Australia’s largest sports-wear company, fell to a record low today as it awaited takeover offers from two private equity groups that have made provisional approaches.

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Monti’s Qatari deal, Ecommerce froth, Billabong LBO, Bionic mannequins, Outlandish Anna

Hollywood Costume exhibition | Source: BBC News

Italy’s Monti seals investment deal with Qatar (Reuters) “Qatar agreed on Monday to invest as much as 1 billion euros ($1.3 billion) in Italian companies, aiding efforts by Italy’s Prime Minister Mario Monti to breathe life into a weak economy.” Most E-Commerce Froth Since 2000 Stirs Up Investor Doubts: Tech (Business Week) “As e-commerce companies prepare for the holiday season, their investors are in

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Red hot Nasty Gal, Beloved Alber, Billabong profits sink, Collaboration fatigue, Angel investors

Sophia Amoruso | Photo: Courtesy Nasty Gal

Nasty Gal clothing company — as red-hot as its founder’s lipstick (LA Times) “After securing a $9-million investment in January from Index Ventures, which has also backed Facebook and Etsy, Nasty Gal just scored an additional $40 million from the venture capital firm.” Alber Elbaz (WSJ Magazine) “Alber Elbaz is a rare bird in a business oft dominated by ego and drama. Humble, funny and all about the work,

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Appetite for luxury, Forerunner’s $40m fund, Billabong bid, September ad counts, Fashion Olympics

Louis Vuitton Spring/Summer 2012 | Source: Grazia

Emerging markets buy into luxury (FT) “Emerging market appetites for high-end handbags, fashionwear, champagne and cognac appeared to be holding up in the first half of the year, according to results from the French luxury goods groups LVMH and PPR.” Forerunner Ventures, an All-Female Firm, Raises $40M Institutional Fund (WSJ) “Despite investing in 21 digital commerce start-ups, some of them prominent, Forerunner

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Bergé reflects on YSL, Billabong crashes, Alpha male, Middle ground, Branquinho’s back

Pierre Bergé by Alex de Brabant | Source: The Talks

Pierre Bergé: “Yves died at the right time” (The Talks) “I didn’t know very much about fashion at that time. I was a very close friend of Christian’s and of some other haute couture masters like Balenciaga, but for me fashion was not an art. In my eyes, it was just something to make money.” Billabong surfwear shares crash (Telegraph) “Shares in Billabong, the Australian surfwear company crashed by 36pc

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