Exclusive Financial Advisor to Billabong on Divestiture of West 49
Billabong engaged Financo as exclusive financial advisor in connection with the sale of its subsidiary West 49.
West 49 is a specialty retailer of apparel, footwear, accessories and equipment related to the youth action sports lifestyle in Canada. The decision to sell West 49 was part of Billabong’s strategy to simplify its business.
Billabong sold West 49, to YM Inc., a leading fashion retailer. As part of the sale, Billabong entered into a non-exclusive two-year supply agreement with YM Inc.