Rip Curl keen on been soldMonday, 17 September 2012
The Australian surf wear company Rip Curl, has been put up for sale, according to the national
media. Market anticipates the business will go for around 300 million dollar.
'The Australian Financial Review’ reports that Rip Curl has been hurt by the rising Australian dollar. The news about a potential sale of Rip Curl arose barely a week after its peer Billabong received a second offer on a potential takeover.
As reported by Australian media, which quote people close to the company, Rip Curl might had apparently hired Bank of America Merrill Lynch to look into a partial or full sale of the business.