Surf's up... in China? Nov 17, 2009
Top surfwear designers have signed on as sponsors and the number of contestants grew to more than 40 this year from 18 last year, mostly expats living in China. "It's definitely growing with a middle class in China that has disposable income and is learning how to have fun in life," Sheridan said. (iAfrica.com)
Brotherly love is sealed in a bonus Oct 27, 2009
Less than a year after taking over the chairman's role at Rip Curl from the Kathmandu adventure attired Strong, things appear to have held together at the surfwear group. The company's accounts lodged last week show its profit more than doubled to $34 million in the year to June 30, all thanks to a huge cut in its tax bill. (Sydney Morning Herald -- Business)
Billabong Shares Slumps After Annual Earnings Miss Analysts' Estimates Aug 21, 2009
Australias biggest surfwear maker, fell the most in three months after posting earnings that missed some analyst estimates. Billabong fell 5. (Bloomberg -- Australia & New Zealand)
Billabong Rating Cut at Four Brokers After Surfwear Maker Lowers Forecast May 19, 2009
Australias largest surfwear maker, was cut to the lowest rating by at least four brokers after reducing its profit forecast. The stocks rating was cut to sell by Royal Bank of Scotland Group Plc, underweight by JPMorgan Chase & Co., and underperform by both Macquarie Group Ltd. and Credit Suisse. (Bloomberg -- Australia & New Zealand)
Billabong set to make waves as shares return May 18, 2009
THE surfwear company Billabong International is expected to report a mixed picture on its global sales performance when it updates the sharemarket today about its financial outlook. Billabong took investors by surprise last Thursday when it placed its shares in a trading halt pending an announcement about how well its business was tracking against the recent slowdown in retail markets in the US, Australia and Europe. (Sydney Morning Herald -- Business)
Corso's warring restaurants face new threat Mar 13, 2009
Situated metres apart on Manly's prime tourist strip, with a surfwear shop wedged in between, both businesses have large, roped-off clusters of outdoor tables outside their shopfronts. But after a stream of complaints from passers-by who were hassled to enter the restaurants, Manly Council today announced it would strip Watervue and Cristals of their outdoor dining licences if they did not stop spruiking in the next 48 hours. (Sydney Morning Herald -- Australia)
