Billabong

Surfwear and youth clothing

Established in Torquay, Australia in 1969, but now based in California, USA. Formerly Quiksilver Inc, the company changed its name to Boardriders Inc in May 2017, and in 2019 it bought struggling Australian surfwear giant Billabong for $200m. Controlled by Oaktree Capital from 2015 until 2023, when Blackrock-controlled Authentic Brands Group took over ownership. Operates over 700 stores in over 30 countries.

Brand development and licensing

Purchases brands in the sports, celebrity and fashion categories and licenses the intellectual property to leading retailers, wholesalers, and manufacturers worldwide. Acquired Juicy Couture in 2013, Tretorn in 2015 and Nautica and Nine West in 2018. Bought Van Heusen, Arrow and Izod from PVH, and Reebok from Adidas in 2021. Acquired Ted Baker in 2022 and Boardriders and Rockport in 2023. Private equity firms BlackRock, CVC and HPS own significant stakes.

Asset management

World's largest asset manager, with about $7 trillion in assets under management.