Dave Tanner is set to oversee an action sports empire of more than 600 stores and roughly 10,000 workers globally in the company’s buy of Billabong.
Billabong has been in the midst of a turnaround strategy for the past several years.
The company, which said it has been on an aggressive path to a turnaround following its emergence from bankruptcy last year, also has plans to open the first Boardriders store in the Americas in Malibu.
A judge seeks to remove any potential wrench in the action-sports company’s bankruptcy proceedings by sending discord over the company’s worth to mediation.
The running shoe, called Ampla, was never brought to market but two former executives have put in a bid to buy it.
The action sports company was also approved for another $10 million as it continues to wind its way through bankruptcy reorganization.
Do recent American Apparel and Quiksilver bankruptcies portend trouble at specialty?