The iconic brands involved have been transferred to new license holders so they will live on.
There is good news for fans of Billabong, Quiksilver and Volcom as the iconic brands will apparently be saved amid a bankruptcy filing that has forced more than 100 stores to close. Liberated Brands made news recently when it filed for Chapter 11 bankruptcy, and there were multiple reports that the move would be the end of the road for the once popular brands.
However, the company sent a release to PennLive noting that it was the license holder for the brands, and that while it has filed for bankruptcy and will close more than 100 stores in the United States, the plan is for the brands themselves to stay alive. In fact, Liberated said its filing “does not impact the future of the brands, as they have already transitioned to new, well-capitalized partners who are actively investing in their growth and long-term success.”Magnesium can have multiple benefits. Here’s when to take it and how to get it for optimal health Sadly though, Liberated will still have to shutter its stores, and it said that the status of its locations in Hawaii are “currently in flux.” “The Liberated team has worked tirelessly over the last year to propel these iconic brands forward, but a volatile global economy, consumer spending changes amid a rising cost of living, and inflationary pressures have all taken a heavy toll,” the company said in a statement. “Despite this difficult change, we are encouraged that many of our talented associates have found new opportunities with other license holders that will carry the great brands into the future.” If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our
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