Quikshvert, Billabong and US Volcom to close

The released marks presented for chapter chapter

The company said in a printing press release that filed for failure to “implement a ordered monetization and the disposal of their business.” Posted a movement of the US failure for the Declare District for closing of about 124 shops as part of their failure proceedings.

Released estimated a range of $ 100 million to $ 500 million for their assets in their chapter 11 petition of failure. The stimmed passives were the same.

A Billabong Store in the New York City neighborhood. (Michael Brochstein / soup wife / LightTock Light via Getty images / Getty Images)

The company said that their US shops will make your shop “How society begins their efforts of the US windows” but ending the actuality of the settlement sales. The release has nine crazy in Hawaii, which the statutes are “currently negotiated:” According to the release.

Wall of Retailer Mounted files for failure

CEO Todd Hymel told a Filing Court that “macoarchic problems, fill in the customer, and the fixed costs, and the costumes of the supported consumption” had pissed on the finances of the company.

Released licenses for Quikshiver, Billabong, Roxy, RVCA and some other authentic marks Marks from the end of 2023, adding to the one who has already had for vulcom, Hymel finger in a filing. Licenses for releasing volcom, rv and billabong in North America is completed at last year “as a result of associated licenses”, according to the CEO associated.

LITThtUs released licenses for Quikshver, Bleavong, Roxy, RVCA and some brands of authentic marks by the end of 2023. (Dan HDBRCHTS / Bloomberg via Getty images / Getty Images)

Court filings He indicated those licenses were transferred to new operators, which means that consumers will also be able to achieve these clothes of clothing.

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“On the occasion that a partner is not captain their commitment, authentic transit the” David Brook, president live in a marching authentic Foxiness. I am “To this end, we worked closely with brands released to transition key licenses to the trusted operators in our network.”

The container’s shop files to failure, insists that is here to stay

Brooks told the United States of the united states, loaded with the useless and subscribed or would be raised of more valuables and reinforcement of a present and resilient future.

Releated the settlement sales process for their US shops has already started.