Posted on 02/08/2025 3:24:05 PM PST by Libloather
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 its assets in its Chapter 11 bankruptcy petition. Estimated liabilities were the same.
The company said its U.S. stores will stay open “as the company begins its efforts to effectuate the close of its U.S. retail locations” but will ultimately shutter once their liquidation sale process is completed. Liberated also has nine locations in Hawaii, whose statuses are “currently being negotiated,” according to the release.
CEO Todd Hymel said in a court filing that “macroeconomic issues, including a rapid and dramatic rise in interest rates, persistent inflation, supply chain delays, a decline in customer demand well below the historical trendline, shifting consumer preferences, and substantial fixed costs” had weighed heavily on the company’s finances.
(Excerpt) Read more at nypost.com ...
I’ve never even seen ONE of these stores.
What do they sell that I can’t do without?
Online presence?
Never heard of any of these stores. Let me ask the cubs if they know who they are.
They market clothes with a large “brand” of eco-woke, it seems.
I have several trousers made by Volcom. I really like them.
Oldest Cub says it is worn only by zorks (Sp?).
I did not ask.
Quiksilver and Billabong are huge surf and swimwear brands that have been around since the 80s. Surely you are joking?
The action sports industry has been in the toilet for quite some time now. Young people have moved on from surf, skate, and snowboard type sports. I live in a California beach town and you rarely see kids involved in in this activities. Twenty years ago it was everywhere and now days hardly at all.
Did they hire a Messenger Service to deliver the bad news to employees?
...And his ghost may be heard as you pass by that billabong...
” I live in a California beach town and you rarely see kids involved in in this activities. Twenty years ago it was everywhere and now days hardly at all.”
They all moved to Colorado.
these are all Surf Apparel companies otherwise known as the rag business. If you likee T-shirts, surf trunks and flip-flops/sandals...thats what they specialize in. Especially geared towards teens
These so called clothing brands are very cyclical.
I forgot baseball caps also. Very downstream of real fashion.
.... Surely you are joking?...
__________________
I don’t think his name is Shirley.
I know of and have fond memories of Billabong.
Did they hire a Messenger Service to deliver the bad news to employees?
Depends on how much barbed wire they walked...
It was a long delivery route — 47 miles.
🤓
Was just listening to QMS the other day. Long, extended versions...still good!
“QMS” — we must be the same age! I still like their “Shady Grove” rendition and I’ve heard many by a lot of artists. They were one of the best in that era.
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