Showing posts with label Billabong. Show all posts
Showing posts with label Billabong. Show all posts

Wednesday, 4 March 2009

The other Mr Billabong falls on tough times





Brisbane's Courier Mail reports:


Former chief executive of Billabong, Matthew Perrin, who made hundreds of millions of dollars from the Aussie surfwear group, is broke.

Perrin today filed a debtor’s petition with the Insolvency Trustee Service of Australia and placed all his corporate entities under external administration.

Mr Graham Starkey of PA Lucas & Co has been appointed as Mr Perrin’s trustee in bankruptcy.

Once a Gold Coast lawyer, Perrin rode the crest of the Billabong wave, selling his shares and making several hundred of millions as a result.

His slide into bankruptcy was caused by his investments in a property and supermarket group located in Xian and Hunan provinces in China.

Thursday, 19 February 2009

Neighbours Fear Mr Billabong Could Play Eye Spy






Billabong founder Gordon Merchant has, apparently, upset his neighbours in the northern NSW surfside village of Angourie.

Merchant's new home - oops! correction, that should read 'MANSION' - at Angourie, which is estimated to be worth $12 million, has a video camera installed on a two-metre tower. Apparently, the camera will be used to check out the nearby surf but some of Merchant's neighbours are not so sure about that.

The Gold Coast Bulletin reports that Merchant's mansion covers four house blocks at the Pacific Parade property, just south of Yamba.

A letter sent to The Gold Coast Bulletin outlined residents' concerns over the camera that will sit atop the roof of the three-storey beach house.

"We residents feel our privacy infringed, as this camera peers into our living and bedrooms 24 hours a day," said the local, who wished to remain anonymous.

Residents also believe the pole is above height restrictions for the area.

Clarence Valley Council Mayor Richie Williamson confirmed the council had received complaints.

"There will be a camera on top of his house but there have been investigations into that and it wasn't above any height limits," he said.

The man who founded the international clothing and accessories company Billabong on the Gold Coast in 1973 is worth an estimated $805 million and he has had a long association with Angourie and Yamba in northern NSW.

Mr Merchant has invested heavily in real estate in the towns and his helicopter is often seen flying into Yamba.

While most locals welcome his involvement and the building of the massive mansion, which has provided a good kick-along to local tradesmen, it seems not all have been won over.

Photo credit: Brendan Radke, The Gold Coast Bulletin, 19/2/09

Saturday, 3 January 2009

Further delays for the Big Billabong


Tourists waiting to flock to the Clarence Valley's newest tourist attraction have been told to be patient.

The word around the traps was that Angourie's Big Billabong, which was estimated to be costing its proprietor about $10million to construct, would open for day trippers' viewing early in 2009.

However, the latest goss is that the owner Gordon Merchant won't be moving into his Angourie premises anytime soon. Furthermore, the cost of the project is now said to be close to the $16million mark.

The Gold Coast Bulletin reports that plans for the massive beach shack were lodged with the Clarence Valley Council in 2002 and when The Bulletin first visited the building site in October, 2007, it had already been under construction for three years.

At that time a builder on the site said the house would be finished in three to six months.

Well, those deadlines have come and gone and as our latest pictures show, there is still plenty of work to be done.

A member of the nearby Yamba Rugby Club, who wished to remain anonymous, said there were rumours the cost had blown out from $10 million or $12 million to $16 million.

"It's taken a long time generally because if he (Mr Merchant) is not happy with something he just gets it changed as it goes along," he said.

"It's taken a while, so everyone is looking forward to being invited to the opening party."

Mr Merchant can afford to be picky.

The man who founded the international clothing and accessories company Billabong on the Gold Coast in 1973 is worth an estimated $805 million.

He has long been a fan of Angourie, 5km south of Yamba in northern NSW, which boasts some of the best waves in Australia.

Another Angourie local said Mr Merchant was often seen about town.

"I was surfing the other day prior to Christmas and he was in this perfect Billabong wetsuit," he said.

"Their family is often seen around town. The house is taking a long time because he includes nothing but the best.

"The local tradies aren't complaining."

The mansion has totem poles sitting in gardens, five garages and a pool that spills over as a fountain between the garage doors.

It is built on four house-blocks and will be one of the biggest homes in Australia.

The mansion has a copper roof, which already has a tinge of green due to exposure to the elements, and is built from sandstone.

Besides the mansion at Angourie, Mr Merchant is believed to be investing heavily in and around Yamba.

His helicopter is often heard flying the divorced father of four into the town.

Mr Merchant recently won approval to build a helipad at the house to transport his young son interstate for medical treatment.

He also offered to make the helipad available to the Yamba community for emergency services. It has landing lights that can be activated by telephone.

That sort of community spirit has helped to win over Angourie locals.

"There are those with a little envy, but despite his obvious wealth and helicopter there is no real showiness about him," said a resident.

Friday, 6 June 2008

Helicopter? Which helicopter? Whose helicopter?

Grafton's Daily Examiner reports that Mr Billabong, Gordon (aka Greasy) Merchant, is believed to be involved in a wrangle with Clarence Valley Council over the use of his helicopter.

A development application (DA) has been made by Yamba surveyors Harrison Shepherd with Clarence Valley Council requesting its client Kahuna Pty Ltd be allowed to continue making helicopterflights in the Yamba area.

A number of local residents have made complaints to Clarence Valley Council about the helicopter's noise

The Examiner reports that the application states that only two flights have been made so far this year.

Some residents dispute this claim.