Billabong International Ltd. confirmed that it’s received a confidential and nonbinding proposal to be acquired by a consortium led by Paul Naudé, president of its U.S. business, for about 504.9 million Australian dollars, or $555.3 million at current exchange rates.
The consortium consists of Naudé, a former professional surfer; Sycamore Partners Management and, as lead debt financier, Bank of America Merrill Lynch.
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)