A brief timeline of embattled online sports clothing retailer Surfstitch's fall from grace.
2007 - Justin Cameron and Lex Pedersen launch the business from a garage in Sydney's Northern Beaches.
2009 - Billabong acquires a stake with the option to acquire 100 per cent of the business.
2012 - Having relocated its head office from Sydney to Queensland's Gold Coast, the company launches SurfStitch Europe by opening an office and distribution centre in France.
2014 - Surfstitch buys back Billabong's 51 per cent stake ahead of its float on the Australian share market. It also acquires Billabong's online retail website swell.com.
2016 - Cameron abruptly quits as chief executive leaving Pedersen and Justine Stone to take the reins as joint CEOs before Mike Sonand - the former boss of surfwear retailer Globe - takes over.
2017 - Following a series of profit downgrades that sent its share price tumbling, trade in Surfstitch's ASX-listed securities is suspended during a $100 million shareholder class action alleging lack of disclosure and misinformation.
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