Liberated Brands, the parent company behind iconic skate and surf brands Quiksilver, Billabong, and Volcom, has filed for bankruptcy protection in Delaware. The move comes as more customers shift towards fast-fashion retailers, forcing the company to close its US retail stores and wind down its North American operations. Liberated sought court protection on Sunday, revealing plans to sell off its international businesses and eliminate nearly 1,400 jobs. The decision marks a significant setback for the struggling retailer, which had previously operated under a licensing deal with Authentic Brands Group LLC.
Source: https://www.bloomberg.com/news/articles/2025-02-03/ex-volcom-billabong-retailer-liberated-brands-files-bankruptcy