Quiksilver, Billabong and Volcom Us Stores for closing

The liberated brands were offered for the protection of bankruptcy of Chapter 11 during the weekend and looking to close the American retail stores as it sold trademarks such as Quiksilver, Billabong and Volcom.

The company said in a press statement on Monday that it had applied for bankruptcy “to carry out liquefy and dispose of its work.” I submitted a request to the US Bank Banking Court for Dilayer to close About 124 stores As part of bankruptcy procedures.

The editor estimated a set of $ 100 million to $ 500 million for its assets in seeking bankruptcy of Chapter 11. The estimated obligations were the same.

The company said that its stores in the United States will remain open “as the company begins its efforts to raise the closure of US retail sites”, but it will eventually work to complete the sale of the liquidation. Liberate has nine sites in Hawaii, which is “currently negotiating its conditions”, according to the statement.

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“The macroeconomic issues, including the rapid and dramatic rise in interest rates, constant inflation, delay in the supply chain, the decline in customer demand below the historical trend line, the conversion of consumer preferences, and the fundamental fixed costs,” Todd Hymel said in the court file. He was highly weighing the company’s financial affairs.

The editors kept quiksilver, Billabong, Roxy, RVCA and some other authentic brands owned by brands He said a hymn in late 2023, adding that she had already had Volcom. Editorial licenses for the operation of Volcom, RVCA and Billabong in North America were terminated last year “as a result of LIDATATED assumptions under related licenses,” according to Liberate CEO.

Court files He pointed out that these licenses have been transferred to new operators, which means that consumers will remain able to get these brands.

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David Brooks, CEO of Brands Authentic Brands, said in a statement to Fox’s work. “To this end, we were working closely with the brands liberated to carefully transfer the main licenses to trusted operators in our network.”

The container store files for bankruptcy insist on it is here to stay

Brooks said that the American store fleet at Liberated “was exaggerated, heavy in old and low -performance sites”, and it is possible that “it is possible to be rationalized, allowing brands to create more value and enhance their presence through specialized retailers, stores, and e -commerce A graceful and flexible future.

A liberation said that the sale of the liquidation for its American stores has already begun.