SYDNEY — The battle for Billabong is over, with U.S. hedge funds Oaktree Capital Management and Centerbridge Partners set to take a 40.8 percent stake of the company.
At an extraordinary general meeting at Billabong’s Gold Coast, Queensland, headquarters on Thursday, 92.55 percent of proxy votes were in favor of issuing 329 million shares to the consortium at 41 Australian cents, or 36 cents, each for 135 million Australian dollars, or $119 million, partial payment of a $360 million debt and equity rescue deal initially proposed in September.
WWD asked a handful of creative directors to evaluate the September covers of leading women's fashion magazines. How do they think the covers this year compare with years gone by, and what do they say about the current status of the publication? Link in bio. (GIF by @hypebreast)
"Stephen King is such a master, but I don't like being scared - there's enough that's really scary. How about the morning's news?" says Holland Taylor in an interview with WWD. See what else the actress said about starring in the TV adaptation of King's thriller "Mr. Mercedes" on WWD.com. #wwdeye (📷: @jgreenery)