Billabong

1 Story

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...

1 Story
Popular on Newser
We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.