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AUSTRALIA: Billabong to axe suppliers following H1 loss

2013-02-22 14:32:00| Daily apparel & textile news and comment - from just-style.com

Struggling Australian surfwear brand Billabong International has swung to a first-half loss after writing off the value of its brands - and says that from next month it intends to slash the number of apparel suppliers that it uses to less than one-fifth of the current total.

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