Billabong International Limited is an Australia-based company. The Company is engaged in the wholesaling and retailing of surf, skate, snow and sports apparel, accessories and hardware, and the licensing of its trademarks to specified regions of the world. The Company�s geographical segments include Australasia, Americas, Europe and Rest of the World. Australasia segment includes Australia, New Zealand, Japan, South Africa, Singapore, Malaysia, Indonesia, Thailand, South Korea and Hong Kong. Americas segment includes the United States of America, Canada, Brazil, Peru and Chile. Europe segments include Austria, Belgium, the Czech Republic, England, France, Germany, Italy, Luxembourg, the Netherlands and Spain. Rest of the World relates to royalty receipts from third party operations. On September 23, 2011, the Company acquired the remaining 50% interests in Surfection Pty Ltd.