TITLE

BILLABONG TO BUY NIXON

AUTHOR(S)
Ryan, Thomas J.
PUB. DATE
February 2006
SOURCE
SGB;Feb2006, Vol. 39 Issue 2, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of watch and accessories maker Nixon Inc. by Billabong International Ltd. The $93 million purchase price consists of an initial payment of $73 million and a deferred payment of up to $24 million, depending on future earnings and how long Nixon founders Andy Laats and Chad DiNenna will run the brand. Andy Laats remains president of Nixon, and Chad DiNenna will continue to direct global marketing efforts.
ACCESSION #
19797579

 

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