SYDNEY — The Australian Takeovers Panel has forced Billabong International Ltd. to renegotiate the terms of a refinancing deal that stands to give a consortium led by U.S. private equity firm Altamont Capital Partners a 40.49 percent stake in the company — theoretically putting Billabong back on the table.
Altamont’s already completed rescue package of 395 million Australian dollars, or $364 million at current exchange — comprised of a $294 million bridge loan facility and the sale of the DaKine brand for 70 million Australian dollars, or $65 million — was announced on July 16.
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)