Queensland-based Billabong suffered a $58m wipeout last year, triple its loss for 2016. The company sells clothing under eight different brands and sponsors surf events around the world.

And recently, a surge whipped through the OG surf brand lineup, knocking many offboard and astray. Authentic Brands Group (ABG) – which owns Billabong, Volcom, RVCA, Quiksilver, Roxy, ...