Aussie surf brands headed for a wipeout?

surfing1Billabong International, the iconic Australian surf and skate brand, is continuing to encounter choppy waters as it continues to battle the undercurrents of its spectacular wipeout in 2011.

Billabong International has been treading water since it was rescued by private equity firms, Centrebridge Partners and Oaktree Capital, back in 2013.

Despite significant restructuring, which has closed stores and divested several businesses, including Tigerlily in FY17, the company continues to struggle for profitability.

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