The bankruptcy filing of their operator has led to decisive closures of all Quiksilver and Billabong and Volcom stores throughout the United States. The decision to close these stores will result in the permanent closure of more than 100 locations that are known for their skateboard surf and snowboard styles.
Liberated Brands as the operator of these brands based in Costa Mesa secured Chapter 11 bankruptcy protection in Delaware mainly because of economic uncertainty and increases in both living expenses and inflation. CEO Todd Hymel commented on the substantial strain that high interest rates combined with disrupted supply chains and changing customer preferences placed on business operations.
Under COVID-19 conditions the brands experienced successful growth which led Liberated to increase their store count from 67 to 140 branches. The combination of changing economic outlooks and rising popularity of online shopping together with fast fashion developments negatively affected the company’s financial viability. 
The parent company Authentic Brands Group will keep these flagship brands accessible to consumers by finding new management partners to take over their operations.
