Billabong makes several big announcements

Billabong moves to raise capital to strengthen its balance sheet. The company also painted a grim picture of global business environment, cut its forecast, and more.
Published: May 13, 2013

Billabong made several significant announcements today, including its intention to raise AUS $225 million over the next few days, a reduction in its earnings forecast for the current year because of weaker than expected conditions in many regions, and some elements of a fresh three-year strategic plan being introduced by new CEO Launa Inman.

THIS ARTICLE IS AVAILABLE TO OUR EXECUTIVE EDITION MEMBERS.

If you think you are already an Executive Edition member and you’re getting this message, it’s possible your membership is on hold because your credit card expired. You can update your card here. If you have any trouble and need help, please click here to email our customer care specialist.

Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series