Billabong

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Surf's Down: Billabong Is Now Worth $0

Longtime Australia company has its worst year ever

(Newser) - Bust out the "wipeout" surfing analogies for Billabong: The Aussie surfwear brand had been valued at $3.5 billion as recently as 2007. Today? It is literally worthless. The 40-year-old company reported a net loss of $772 million for the fiscal year and wrote down the value of the...

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