Liberated Brands filed for Chapter 11 bankruptcy protection over the weekend and is looking to shutter its U.S. retail stores where it sold brands like Quiksilver, Billabong and Volcom. 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. Liberated estimated a range of $100 million to $500 million for...

Surf industry heavy-weight brands Quiksilver, Billabong and Volcom suffered another major blow this week after Liberated Brands filed bankruptcy. It is shutting more than 100 retail store locations across the country. The news comes just weeks after an announcement that Liberated – the retail and e-commerce operator for several of the Authentic Brands Group labels – shuttered its Costa Mesa headquarters and laid off 400 employees. Employees at Southern California stores learned of the news of the retail closures about a week ago and the doors will be shut in...

Some iconic surf shops are permanently closing more than 100 stores in the US due to their operator, Liberated Brands, filing for bankruptcy. KTLA’s David Lazarus reported that Liberated Brands blames the bankruptcy on fast-fashion competition and an “uncertain economy.” The brands that will be closing their doors include Billabong, Quiksilver and Volcom. In addition to store closure, Fortune reported that Liberated Brands listed a debt of $226 million and laid off about 1,400 employees as part of its shutdown. “The Liberated team has worked tirelessly over the last year...

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. More than 100 stores will close now that Liberated Brands has filed for bankruptcy, which affects the Quiksilver, Billabong and Volcom brands. The three chains, known for their millennial surfer and skateboard apparel, are closing their doors amid a larger trend of brick-and-mortar stores going out of business. Retail chains have faced economic turbulence since the coronavirus pandemic, as more consumers turn to doing their shopping online.

Billabong, Volcom and Quiksilver — once staples of surf and skate culture — are closing all of their U.S. retail stores, including locations in the Bay Area. The closures follow Liberated Brands’ Chapter 11 bankruptcy filing this week. More than 100 stores nationwide are set to shut down in the coming weeks. The company cited competition, inflation and supply-chain delays as factors that contributed to its downfall. In a statement, Liberated said it “worked tirelessly over the last year to propel these iconic brands forward, but a volatile global economy,...