Billabong has reportedly announced that they are considering selling their e-commerce businesses Swell.com and SurfStich, according to a story on MSN Money.
The embattled maker of board shorts and wet suits, which was saved last year by a refinancing deal from U.S. private equity firms Centerbridge Partners LP and Oaktree Capital Management, is looking at strategic options for its SurfStitch and Swell site. It has appointed investment bank Guggenheim Securities to help with the review.
Yeah, why own online retailers when mall stores are doing so very well?
[Link: MSN Money]
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