
All Quiksilver, Billabong and Volcom stores in the United States will close after their operator filed for bankruptcy protection. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Altogether over 100 stores for the brands, that sell apparel for skaters, surfers and snowboarders, will close their doors. Liberated Brands filed a voluntary petition for Chapter 11 bankruptcy protection Sunday in U.S. Bankruptcy Court in Delaware.
Main Idea: Quiksilver, Billabong, and Volcom stores in the U.S. are closing after their operator filed for bankruptcy.
Key Points:
More than 100 Quiksilver, Billabong, and Volcom stores will close in the US, which can mean job losses and fewer local shopping options for workers and shoppers.
Authentic Brands Group says the brands will move to another operator, so the labels may still be available online or in other stores.
Rate how each entity in this article affected the American people.
One of the three core brands whose U.S. stores are closing.
One of the three core brands whose U.S. stores are closing.
One of the three core brands whose U.S. stores are closing.
Parent company that said it will transition the brands to another operator.
Liberated Brands CEO quoted explaining the bankruptcy and business pressures.
The court where Liberated Brands filed for Chapter 11 protection.
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