France's coastguard on Wednesday called off searches for the head of the U.S. firm that owns the Quiksilver surfwear brand, a day after his boat washed up empty on the country's Atlantic coast, local authorities said.
Australian surfwear seller Billabong International Ltd agreed to a buyout from its top shareholder and major lender Oaktree through its Boardriders unit Friday, in a deal valuing the company at about A$197.7m ($155m).
Sports apparel seller Billabong International Ltd confirmed on Friday it has received an indicative takeover proposal from Boardriders Inc, which values the company at about A$198 million ($150 million).
French clothing retailer Vivarte, which is aiming to restructure more than 1.3 billion euros of debt, has agreed to offload its Kookai brand to Australian company Magi as part of Vivarte's ongoing sell-off programme.
Private-equity backed French clothing retailer Vivarte, which is aiming to restructure more than 1.3 billion euros (1.08 billion pounds) of debt, has agreed to sell its Pataugas shoe brand to Hopps Group.