Rip Curl Not For Sale Right Now

by The Editors on March 5, 2013

Ripcurl-LogoWith all that’s been going on with Billabong and Quiksilver lately, it probably isn’t the best time for Rip Curl to find a $400 million buyer and the owners have reportedly abandoned the sale, or at least that’s what co-founder Brian “Sing Ding” Singer is telling The Australian.

“I doubt (the sale) is going to happen,” Singer said. . . “The public market looks like a bit of a cesspit at the moment. . . But Mr Singer, who set up Rip Curl with Torquay surfing buddy Doug “Claw” Warbrick in 1969, said a sale was still on the longer-term agenda. . . He predicted the founders would exit “at some point in the next few years”.

Then again, if someone were to offer them $400 million right now, we’re guessing they take it.

[Link: The Australian]

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