Inside a Billabong Store As Brand Deemed Worthless

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Adam Milne surfs a wave at Burleigh Heads, Australia, on Wednesday,... News PhotoAdam Milne,Aquatic Sport,Asia,Australia,Customer,Finance,Horizontal,Oceania,Sport,SurfingPhotographer Collection: Bloomberg 2013 BloombergAdam Milne surfs a wave at Burleigh Heads, Australia, on Wednesday, Aug. 28, 2013. Billabong International Ltd., the surf brand founded in 1973, helped sell Australian surfing culture worldwide and rose to a market value of A$3.84 billion ($3.45 billion) at its peak in 2007 said its 40-year-old surf brand was worthless after the companys losses tripled amid store closures, firings and a breach of debt terms. Photographer: Patrick Hamilton/Bloomberg via Getty Images