News

Billabong CEO departs as part of restructuring deal

16/07/2013

US-based private equity firm Altamont Capital Partners has bought Dakine, an action sports accessories company, from Billabong for $64.5 million as part of a deal to restructure the Australian brand’s debt. The $359 million refinancing deal sees chief executive Laura Inman step down to be replaced by Scott Olivet, a former chairman and chief...

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