Particle.news

Download on the App Store

Quiksilver, Billabong, and Volcom to Close Over 100 U.S. Stores Following Bankruptcy

Liberated Brands, the operator of these surf and skate brands, cites fast fashion, inflation, and economic pressures as key factors in its Chapter 11 bankruptcy filing.

  • Liberated Brands, the U.S. operator of Quiksilver, Billabong, and Volcom, has filed for Chapter 11 bankruptcy and will shut down 124 retail locations across the country.
  • The closures are attributed to rising interest rates, persistent inflation, supply chain disruptions, and competition from fast-fashion retailers offering cheaper and trend-responsive products.
  • Approximately 1,400 employees will be laid off, and liquidation sales have begun, though the exact timeline for store closures remains unclear.
  • Parent company Authentic Brands Group has transferred the brand licenses to new operators, ensuring the continued availability of these iconic labels through specialty retailers, department stores, and online platforms.
  • While the fate of nine stores in Hawaii is still being negotiated, all other U.S. stores, including those in major retail hubs like Disney Springs, will close in the coming weeks.
Hero image