Well, the press release was back on June 3rd. And the sale of Sector 9 was, I guess, a week ago. Happily, it’s not my job to be timely, but to give you things to think about with the goal of maybe helping you do better business.
So let’s think about Billabong. Back when CEO Neil Fiske took over, there was a decision early on to focus on their big three brands- Billabong, Element and RVCA. Good decision, I thought. Most recently, they’ve sold Sector 9 for US $12 million. As I’ve written previously, I expect the sale of additional brands. Some of them may be small enough that a formal announcement of the sale won’t be required. Maybe they are already gone.