The Billabong story continues today as the company announced that it has ended talks with Sycamore Partners and Altamont Capital Group to sell the company in its entirety. After re-instating trading of its stock, Billabong saw a 51.65% drop from $0.45 per share to $0.22 per share, as of the time this was published.
Layoffs were reported as a result of the cost cutting strategy the company is implementing, and more potential layoffs are anticipated, according to reports.
The company is … More
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