RIP CURL OZMOSIS GROUP ACQUIRE PLANET SURF 25.09.16
ASB Magazine: Rip Curl-owned subsidiary Ozmosis have acquired Planet Surf effective from the 1ST of September. The acquisition will include nine Planet Surf stores, namely Casey Fields, Traralgon, Chirnside Park, Cranbourne, Morwell, Warragul, Corio, Lilydale and Pakenham, bringing the total store count for the Ozmosis Group to 46 stores. Prior to the sale Planet Surf sold its Collingwood store under current management. Staff were informed of the acquisition on the 24th August at a scheduled product night which included most of the stores and casual employees. Importantly all Planet Surf shop staff will continue employment and staff entitlements have been honoured by Ozmosis. However, the majority of head office staff positions have been made redundant and will absorbed by Ozmosis Group.