Billabong hits turbulent waters


Australian Surfing company Billabong's financial fortunes have been deteriorating for months, with profits this year forecast to fall by about a half compared with 2011.

Massive debts have also hit the firm's share price, which has fallen by two-thirds in recent months.

As a result, analysts say the company, 40 years old next year, is vulnerable to a takeover bid.

The BBC's Duncan Kennedy reports from Sydney.

Copyright © 2018 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.