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Billabong International Limited (ASX:BBG) has reportedly inked a deal to open retail stores in India.
Media reports suggest, the surfwear retailer has entered into a licensing deal with Indian textile maker Arvind who plans to introduce the billabong brand to the Indian youth market by opening 10 stores.
Rivals Quiksilver and Roxy have already established a presence in the country which holds the largest youth demographic in the world.
In the 2012 financial year Billabong booked a net loss of $276.6million.
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