Home / Knowledge / News / Apparel/Garments / Billabong completes deal for JV with TCP in Nixon
Billabong completes deal for JV with TCP in Nixon
19
Apr '12
Billabong International Limited announces that the transaction to establish a new joint venture for the Nixon brand has completed.

As part of the transaction, Billabong and Trilantic Capital Partners (TCP) will each own approximately 48.5% of Nixon, and Nixon management will own the remaining 3.0%.

Billabong realised net proceeds1 of approximately US$285 million as a result of this transaction.

The transaction, announced on 17 February 2012, was completed after satisfaction of the applicable closing conditions.

As also announced on 17 February 2012, the transaction is expected to result in a significant one-off gain in the Group's income statement in the year ending 30 June
2012.

This will be reduced by the previously announced impairment charge for the Group's South Africa business and any other abnormal one-off charges that arise from the Group's continuing strategic review and is expected to be reported in the Group's full year accounts following the finalisation of the accounting for the Nixon transaction and audit sign off processes.

Billabong International

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search