Quiksilver, Billabong and Volcom US stores to close after operator Liberated Brands files for bankruptcy
The company said in a Monday press release that it filed for bankruptcy to “implement an orderly monetization and disposition of its businesses.” It submitted a motion to the U.S. Bankruptcy Court for the District of Delaware for the closure of about 124 stores as part of its bankruptcy proceedings.
The company is struggling with competitive pressure in the apparel sector.
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Liberated Brands, which has operated stores for surfer and skater-inspired labels like Quiksilver, Billabong and Volcom, ...
Bargain Hunt launched its going-out-of-business sale after filing for Chapter 11 bankruptcy earlier this week.
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