Quiksilver USA files for bankruptcy
Surfwear giant Quiksilver Inc. has filed for bankruptcy in the United States. Global asset management firm Oaktree Capital Management is taking over. Quiksilver has always been one of the most prestigious surf brands in the planet. It is part of the surf culture, and its name is written on the most relevant pages of competitive […]
Surfwear giant Quiksilver Inc. has filed for bankruptcy in the United States. Global asset management firm Oaktree Capital Management is taking over. Quiksilver has always been one of the most prestigious surf brands in the planet. It is part of the surf culture, and its name is written on the most relevant pages of competitive surfing history. Quiksilver is – or was – one of the “Big Four,” which included Rip Curl, O’Neill, and Billabong. But the Huntington Beach-based firm is in trouble. Quiksilver announced it commenced “voluntary proceedings for relief under Chapter 11 of the United States Bankruptcy Code.” In other words, the surf brand founded in 1969 has a large debt (more than $826 million) and mediocre sales.
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Quiksilver USA files for bankruptcy
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