DaKine being sold... does this effect locally?

ShiverMeTimbers · Since 26 Feb 2013 381 Posts Gig Harbor Obsessed

just curious... I've heard rumors about DaKine moving/leaving the gorge. any truth to that?

http://www.businessoffashion.com/2013/07/australias-billabong-strikes-359m-refinancing-deal-ceo-goes.html

SYDNEY, Australia — Australian surfwear company Billabong International Ltd will sell its DaKine clothing and accessories brand and jettison Chief Executive Launa Inman as part of a A$395 million ($359 million) refinancing deal with a former private-equity suitor.

Billabong said on Tuesday it was issuing Altamont Capital Partners share options for 15 percent of the company in exchange for a A$325 million bridging loan facility and was also selling the private equity firm its DaKine business for A$70 million.

shred_da_gorge · Wed Jul 17, 13 10:29 pm

Pulling the Rip(curl) cord on Da Bong already?? Retail is tough...

Pepi · Wed Jul 17, 13 10:43 pm

Dakine just moved into a new location with a 5 year lease, so don't think they'll be going anywhere soon.

Dakine retailers all received a letter of notification updating us on the details of the company change in ownership.

If anything, for retailers and customers, it should be a good change. Billabong has been going through some serious financial issues these past couple of years and it could not have been good for Dakine.

Windance Crew · Since 18 Apr 2008 473 Posts Hood River Kite Shop Obsessed

I just met the new CEO yesterday. Cool guy and he kites too.
Chico and Hauge from the DaKine old school crew feels this new ownership is going to let them return to the core. Thats good news for all.

JeffT · Since 07 Jul 2012 238 Posts Deep Southern Portland Stoked

With Billabong being declared 'worthless' today, perhaps the sell off of Dakine will save Dakine from going down with the ship.
http://money.cnn.com/2013/08/27/news/billabong/index.html?hpt=hp_c3

Ryan · Since 14 Jul 2005 537 Posts Oregon Addicted

http://www.bbc.co.uk/news/business-23845908

more news on Billabong