Struggling surfwear icon Billabong has warned it cannot carry on business as usual if a takeover by the owner of rival Quiksilver does not proceed, as the company reported worsening revenue and net loss for the first half of the year.
Billabong posted a net loss of A$18.4 million ($20m) for the six months to December 31, worse than A$13m a year earlier, while revenue declined seven per cent to A$476.4 million.
Surfing is a sport that works like a therapy against the demons that sometimes take advantage of our brains. And, although it may not cure you, it will put a smile on your face.
We all know that a lifestyle surrounded by the sea brings a lot of positive benefits to our health. It has impacts on our skin, immune system, articulations, and breathing.
Now, imagine combining those positive effects with … More