Billabong eyes online units sale
Australian surfware firm Billabong International said yesterday it is considering a sale of its two e-commerce businesses as it looks to refocus on its core brand.The embattled maker of board shorts and wet suits, which was saved last year by a refinancing deal from US private equity firms Centerbridge Partners and Oaktree Capital Management, is looking at strategic options for its SurfStitch and Swell site. It has appointed investment bank Guggenheim Securities to help its review.