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Billabong pounces

The international surfwear giant reaches a conditional agreement to acquire the Surf Dive ‘n’ Ski and Jetty Surf retail banners from General Pants Group. The deal includes 38 stores.

New brand launches

Sportscraft releases a luxe diffusion line, with dresses from $299 and knitwear from $199. Pants, boyfriend shirts and utilitarian jackets also feature throughout.

Myer cashes in

Myer chief executive Bernie Brookes enjoys life under a public company, with Myer’s annual report revealing his package rose from $2.98 million in 2009 to $5.4 million.

Brand India returns

Around 50 Indian clothing and textile manufacturers will showcase their wares as part of Brand India 2010. The event will be held at Sydney’s Convention and Exhibition Centre from November 22 to 23.

Discount diffusion

Big W signs on for another capsule collection from US celebrity Selena Gomez. The discount department store reveals 35 per cent of the range sold out within days of its mid-September release.