Billabong receives Kustom surf shoes
Womens asics sale billabong gets Kustom surf shoes
Billabong International Ltd said it had acquired Kustom surf shoes as part of ordering the Gold Coastbased Palmers Surf company.
The transaction includes buying the 15yearold Palmers surf wax and womens asics sale surf accessories business, gel kayano 20 Amazing fouryearold Kustom surf shoe and sandal business.
Billabong leader Derek O’Neill said the purchase, To work from October 1, Marked their first significant steps into the footwear sector.
“We have indicated in the past that footwear was a natural progression and this acquisition gives us a firm foundation on which we can build, Considered Mr O’Neill.
“Kustom has achieved womens asics sale good success in the Australian surf market, Especially in Queensland, And we see gel kayano 20 opportunity to continue its growth by strengthening its distribution both domestically and globally,
He said Kustom has just started to do business outside of Australia so Billabong will leverage the potency of Billabong to give it immediate market presence internationally.
He said Palmers Surf has made significant inroads into the Australian gel kayano 20 boardsports market and its revenue has grown strongly since the roll-out of Kustom.
Mr O’Neill said he did not expect the currentyear factor to Billabong to be significant, But it would certainly be earnings per share positive.
“By the financial year 200506 we expect Palmers Surf to be adding to your investments more than $30 million in revenue, With margins expected to womens asics sale be good Billabong group, He explained.
Up to date world number four surfer Joel Parkinson, A team riders for Billabong, Will be the main thing on an expanded marketing campaign for Kustom shoes womens asics sale gel kayano 20.