SYDNEY — Billabong International Ltd. could be close to announcing its board has accepted a 60 Australian cent per share offer, or $0.62 at current exchange, from a consortium led by its former head of the Americas division Paul Naudé, valuing the company at 285 million Australian dollars, or $296 million.
The deal, which is said to be worth more than 600 million Australian dollars, or $622 million, including debt and deferred consideration, was the higher of two bids on the table, with the Altamont/VF Corp. consortium’s offer of 50 cents ($0.52) valuing the company at 249 million Australian dollars, or $258 million, according to a report in Monday’s The Australian Financial Review.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)