Back in September, “action sports company” Quiksilver USA filed for bankruptcy protection, planning to reorganize and make its retail presence even more action-packed. After months of arguing over the value of the company, with creditors claiming that the company is worth $144 million more than it claims. Finally, the two sides have come to an agreement, and the bankruptcy will be settled. [More]
quiksilver
Surfing Outfitter Quiksilver Declares Bankruptcy, Will Close 27 Stores
By 9.11.15
If you happen to have a gift card for Quiksilver sitting around idle, don’t use it as a tiny surfboard for your fingers anymore: it’s time to redeem it. The company filed for Chapter 11 bankruptcy this week and is closing about 20% of its stores. However, the company received approval for a $175 million loan that will let it stay in business while it restructures. [More]
