Business
Billabong sells swimwear brand Tigerlily to Crescent Capital
Billabong International has said that it has finalized the sale deed of its Tigerlily business to Crescent Capital Partners. The company said, this transaction is in line with Billabong’s strategy to simplify its brand portfolio. Billabong said, sale of Tigerlily will raise 60 million dollars, with net proceeds from the sale used to retire debt....
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