Billabong has said its 40-year-old surf brand is worthless after company losses tripled amid store closures, firings and a breach of debt terms. Photo: Bloomberg

Billabong has said its 40-year-old surf brand is worthless after company losses tripled amid store closures, firings and a breach of debt terms. Full-(...)

Surfwear company Billabong has accepted a refinancing offer from a group led by Altamont Capital Partners. Photograph: Dan Himbrechts/Bloomberg

Australia’s takeover regulator has declined a request from Oaktree Capital Management and Centerbridge Partners to delay a $359 million refinancing de(...)