Change at the Top: New CEO Looks to Boost Billabong

July 19 (Bloomberg) -- Billabong may have avoided a wipeout this week when it received a $294 million refinancing deal from Altamont Capital. Under the terms of the deal the company would sell its Dakine Brand to Altamont for $70 million but there is a competing proposal on the table. In either case, CEO Launa Inman would be replaced by Scott Olivet, the former Chairman of Oakley. Paul Allen reports on the company's future. (Source: Bloomberg)
If Greece Leaves, U.K. Will Follow: Mills
23:10 - JML Founder John Mills, who is funding Business for Britain, the group campaigning for a referendum on leaving the bloc, told Francine Lacqua on “On The Move” that British voters may be influenced by Greece’s decision on leaving the EU. Details of a timetable for the U.K.’s referendum on EU membership is to be outlined in the Queen’s speech on Wednesday.
  • Greece's Exit From Euro Area Is 'Inevitable': Burgess
  • Slots Guarantee Won Irish Backing for IAG Bid: Donohoe
  • How Did IAG Secure Ireland’s Aer Lingus Approval?