USA: Quiksilver, Roxy and Volcom operator shuts down 122 Stores

On February 7, Liberated Brands (2022 revenue : US$422 million, up by 21%, with no new figures since) began closing 122 stores across the U.S.A. following a bankruptcy filing on February, 2. The company, which operates Billabong, Quiksilver, Roxy and Volcom stores, reported US$226 million in debt, according to The Wall Street Journal, and secured a $35 million loan from JP Morgan, an existing lender.

To remember: Liberated Brands was established in 2019 to operate the seven brands owned by Authe