BBG’s products are licensed and distributed in more than 100 countries, and are distributed through specialised retailers and through their own branded retail outlets.
Billabong provided the market with a trading update today, in which it announced a strategic review of its operations and capital structure after a slowdown in Christmas sales.
The company also downgraded its EBITDA guidance for the first half of FY12 to $70-$75 million compared to the previous corresponding period’s $94.6million
Billabong said reasons for the slowdown varied by region, but it believes fears of a global recession are impacting consumer confidence and spending patterns.
Billabong has been one of the shares to sell amongst recent times.