Over 120 folk clothing stores close after bankruptcy deposit

There is good news for Billabong, Quiksilver and Volcom fans, because iconic brands will be saved apparently against a bankruptcy record that forced over 100 stores.

The issued brands made news recently when it deposited for the bankruptcy of Chapter 11 and there were several reports that the move will be the end of the road for once popular brands. However, the company sent a statement to Pennlive, mentioning that it was the license holder for brands and that, while depositing for bankruptcy and will close more than 100 stores in the United States, the plan is for the brands itself to stays alive.

In fact, Liberaded said that his deposit “has no impact on the future of brands, because they have already passed to new well -capitalized partners, who actively invest in their growth and long -term success.”

So again, I earn big if you like those popular brands.

However, unfortunately, Liberated will have to close their stores and said that the status of its locations in Hawaii is “currently in flow”.

“The issued team has worked tirelessly in the last year to propel these iconic brands before, but a volatile global economy, the changes of consumers’ expenses due -a statement. “Despite this difficult change, we are encouraged that many of our talented associations have found new opportunities with other license holders who will transport the big brands in the future.”