Billabong has been buying so many retailers lately that this one slipped under the radar. Billabong has apparently purchased four retail stores last week in Byron Bay, Australia own by brothers Gary and Mark Timperley, according to a story in the Byron Shire News.
It will be business as usual for Gary and Mark, who will stay on as store managers for at least two years and will retain the existing employee base. . . “I think these are always difficult decisions, but the fact we are selling to one of our original customers and then remaining in the business in a management capacity makes it a little easier,” Mark said. . . “When we started to talk about selling the businesses we realised we hadn’t stopped working since we left school in Fourth Form (Year 10).
The four sores include Bay Action, Big Kahuna, S-cape Byron, and not so oddly Billabong. We should probably start a Billabong tote board just to keep track of all of this.
[Link: Byron Shire News]
