BRIEF-Billabong says decided to undertake strategic review of SurfStitch and Swell

Thu, 06 Feb - 1:50pm

Feb 6 (Reuters) - Billabong International Ltd BBG.AX :

* Says decided to undertake strategic review of its multi-brand ecommerce businesses SurfStitch.com in Australia and Europe, and Swell.com in North America

* Says entered into a new contract with Pat Tenore, the founder of RVCA

* Says 2014 earnings impact will be to expense about $10 million in H2 2014 as a significant item, majority of which relates to amendment to the 2015 earn-out

* Says appointed Guggenheim Securities to assist in strategic review of surfstitch and swell

* Source text for Eikon News Search ID:nASX5lwRkm

* ((For more news, please click here BBG.AX ))

((Bangalore Newsroom; +91 80 6749 1130))

URN: 
urn:newsml:reuters.com:20140206:nWNBS00B5H:7
Topics: 
WEAR CYCP RES AU CYCS CMPNY LEIS BLR ASIA DEAL1 LEN APPA RTRS BACT RESF REC

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