Billabong offloads Canadian chain

 

BillabongSurfwear retailer Billabong has sold its Canadian business West 49 for $11.1 million.

West 49 has 92 stores, and was bought by YM, another retailer in North America.

The sale continues Billabong’s efforts to simplify its business and focus on its core brands, after its recent financial woes and drawn out capital restructure.

Its shares closed steady at 40 cents on Monday.

AAP

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