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The brands released to protect bankruptcy at Season 11 signed at the weekend and are looking for US retail store shutters in which brands such as Quiksilver, Billabong and Volcom have sold.
The company said in a press release on Monday that it was formed for bankruptcy to “implement a regular income and use its jobs”. The petition filed the US Bankruptcy Court for Delaware District for closure About 124 stores As part of their bankruptcy process.
Liberty estimates a range of $ 100 million to $ 500 million for its assets in its Bankruptcy 11 petition. The estimated debts were the same.
A Billeton Store in the Soho neighborhood in New York City. (Michael Brochstein/SOPA images/LightroCket through Getty Images/Getty Images)
The company announced that its US stores would be open “because the company will begin its efforts to work near US retail venues, but will eventually give shutter after their dissolution sales process is over. Liberty also has nine locations in Hawaii, with which their status is “negotiating”.
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“Metro -economic issues, including rapid and dramatic increase in interest rates, persistent inflation, supply chain delay, reduced customer demand under the historical trend, change of consumer preferences and considerable fixed costs” weight He was involved in financial affairs.
Liberated had permits Quiksilver, Billabong, Roxy, RVCA and some other reputable brands Himmel said in a case: Since the end of 2023, the brands have added to one of the previously for Volcom since the end of 2023. According to Liberty CEO, the licenses released by Volcom, RVCA and Billabong in North America in December last year “ended due to Liberated default under related licenses. “
Liberty had been licensed by Quiksilver, Billabong, Roxy, RVCA and some other reputable brands belonging to reputable brands since the end of 2023. (Dan hidbrchs / Bloomberg through Getty Images / Getty Images)
Court It showed that these licenses have been transferred to new operators, meaning that consumers will still be able to get those brands.
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Vice President David Brooks in a reputable brand, said in a statement: “On the occasion of a rare that a partner is unable to fulfill his obligations, the valid authorizes the authorization.” Business of the foxHuman beings “To this end, we have been closely collaborated with released brands to transfer key thoughtful licenses to reliable operators on our network.”
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Brooks said the US Liberty Store Fleet “is over -pressure, and has obsolete and sedentary places” and “probably be logical, allowing brands to create more value and their presence Among the special retailers and e -commerce are more agile and flexible.
Librated said the dissolution sales process for US stores has already begun.