Billabong’s New Bids Leave Traders Shunning Risky Bet

Billabong’s New Bids Leave Traders Shunning Risky Bet

Ian Waldie/Bloomberg

A customer browses inside Billabong International Ltd.'s Pitt Street store in Sydney. Early in 2012, Billabong said it would close as many as 150 of its 677 stores worldwide, cut jobs and sell control of accessory-maker Nixon, considered at the time to be its most lucrative unit.