Billabong director resigns over conflict of interest
15/09/2015
Billabong director Matthew Wilson has resigned due to a “potential conflict of interest”.
US-based investment company Oaktree Capital will now own the majority of Quiksilver, which filed for bankruptcy of its US arm last week. It also has a stake in Billabong.
Analysts have suggested a merger could be on the cards, but Quiksilver’s newly appointed CEO, Greg Healy, said this would not be the case.
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