SYDNEY — Billabong International Ltd. said Monday that it has reached a “conditional agreement” to buy California-based skate and lifestyle brand Rvca.
Terms of the deal were not disclosed, but Rvca is expected to contribute about 2 percent of Billabong’s group revenue in the 2010-11 financial year and will be earnings per share neutral. In the 2008-09 fiscal year, Billabong recorded 1.67 billion Australian dollars, or $1.46 million at average exchange, in group sales revenue, up 23.9 percent compared with the previous year.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)