Close×

Billabong-backed online retailer SurfStitch is staying mum on talks of a $300 million deal.

Fairfax Media reports the company has set up meetings with fund managers to value the business.

Surfstitch reportedly plans to buy back major shareholder, Billabong International, and pursue a $300 million stock exchange listing.

Billabong has a 51 per cent stake in the business.

SurfStich was founded in 2007 and sells sports, swim, and fashion products.

It operates five stores in Europe, manages Billabong’s e-commerce platform, along with 20 other websites.

When contacted by ragtrader.com.au, representatives for the company said it was unable to comment on the talks.

comments powered by Disqus