Billabong Will Likely `Continue to Struggle'

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Dec. 19 (Bloomberg) -- Peter Esho, chief market analyst at City Index Ltd., talks about the business outlook for Billabong International Ltd. Billabong, Australia’s biggest surfwear maker, said it may consider a A$527 million ($555 million) offer from Sycamore Partners LLC as it cut its earnings forecast as much as 49 percent. Esho speaks from Sydney with Zeb Eckert on Bloomberg Television's "First Up." (Source: Bloomberg)