► News from other sources
► Industry Insight
► What our readers say...
Billabong invests in Australian online retailer
December 28, 2009 07:05 AM
Here’s some news from Billabong announced just before Christmas.
The company has a conditional agreement to acquire a minority interest in Surfstitch, an online retailer in Australia. The agreement gives Billabong an option to acquire 100% of the business.
The purchase price was not disclosed.
According to the Surfstitch website, Managing Director Lex Pedersen and two partners worked on the business for three years, and a new website launched in September 2008.
The goal was to carry a wider range of styles and sizes than most brick-and-mortar stores stock. Surfstitch.com carries 10,000 items from brands such as Billbong, Rusty, Volcom, Insight and more. It also has a store on the northern beaches in Sydney.
Billabong’s move comes on the heels of its acquisition of Australian online retailer Swell.com.
Articles you might have missed
▼ Industry Releases
- Go Skateboarding Day celebrates 10th anniversary
- GoldCoast Skateboards partners with Ultra Sport
- E.Land and K•Swiss acquire OTZ Shoes
- Freewaters announces new brand ambassadors
- Spy brand Q1 sales rise 14%
- Europe challenges hurt Puma Q1 profits, sales
- CCS presents Midwest Mayhem
- NRF: April retail sales rise 3.9% vs. last year
- SIA Releases August - March RetailTRAK™ data
- True Religion to be acquired for $835 million
- SES Pages
- Home
- About Us
- Archives
- Industry Insight
- Contact Us
- Sponsors
- SES Topics
- Executive Edition
- Videos
- Surf
- Skate
- Snow
- Executive Moves
- Financial news
- Retail
- SES Friends
- Surfing Heritage Found.
- Taylor Digital
- Fast Food Maven
- The Berrics
- Beach Blog
- The Rookery
- RacerX
- groupY
- SES Sponsors
- Moss Adams
- KNOW?SHOW
- Wells Fargo Capital Finance
- A52 Warehouse
- Innovative Systems
- CIT
- Ei-Lo
- Swim Collective
