Surfwear giant Billabong will offload its longboard skate hardware brand, Sector 9, for about $16 million to a US sports company to focus on its “big three” brands.
Billabong said the $US12 million ($A16.4 million) sale was not the start of a sell-off of smaller brands but part of the company’s strategy to focus on the three larger brands under its umbrella.
“Our priority as a company has been … More