News

Billabong returns to profit after three years of losses

27/02/2015

Australian sportswear brand Billabong has posted a profit of $4 million for the first half of its financial year – the first time it has been in the black for three years. The company launched a far reaching cost cutting plan in 2012 when it posted a $276 million net loss. The plan included new management, closing stores, alleviating suppliers...

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