Billabong International Limited
(ASX:BBG) has sold its skate hardware brand, Sector 9, for US$12 million.
The sale was made to Bravo Sports, a sporting goods company based in California, USA.
Billabong says that selling Sector 9 is part of a strategy to simply its business “wherever possible”.
The company expects the Sector 9 sale will have minimal impact on its overall EBITDA.
Billabong reported a net loss of $1.59 million at 31 December 2015.
