Billabong Posts Record A$537 Million Loss on Brand Writedown

Billabong Posts Record A$537 Million Loss on Brand Writedown

Patrick Hamilton/Bloomberg

The Billabong International Ltd. logo is displayed outside a store at Surfers Paradise, Australia. The Billabong brand, which VF Corp. says is its “primary interest” in any takeover, was written down to A$30 million at the end of December, down 88 percent from A$252 million six months earlier.