No Quiksilver-style crash at Globe as billionaire Solomon Lew stays patient
Billionaire Solomon Lew will collect a dividend of $73,080 from skateboards, surf and streetwear group Globe International in April as it makes solid headway again at a time when bigger home-grown surf giants such as Quiksilver have been pushed to the brink.
Matt Hill, the chief executive of Globe, and the youngest of the three Hill brothers who have a combined stake of 68.5 per cent in the Melbourne company, which listed on the stock exchange in 2001, says being "nimble" and able to react quickly in a market where tastes can change rapidly has been behind a steady resurgence.
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