Billabong International Limited is an Australia-based company. The Company is engaged in the wholesaling and retailing of surf, skate and snow apparel and accessories, and the licensing of the Company’s trademarks to specified regions of the world. The Company is organized on a global basis into geographical segments, which include Australasia, Americas, Europe and Rest of the World. Australasia segment includes Australia, New Zealand, Japan, South Africa, Singapore, Malaysia and Indonesia. Americas segment includes the United States, Canada, Brazil, Peru and Chile. Europe segment includes France, Germany, England, Spain, Italy, the Netherlands, Belgium and Austria. Rest of the World segment relates to royalty receipts from third-party operations. Its subsidiaries include Amazon (New Zealand) Pty Ltd, Burleigh Point, Ltd, Billabong Retail, Inc, GSM Investments Ltd and Nixon Inc. On October 1, 2008, GSM England Retail Limited, a subsidiary of the Company acquired Two Seasons Limited.