If you ever wore Quicksilver or Billabong gear, you may have a bit of nostalgia attached to those brands. You might even still have a piece or two hanging in your closet!
Well, you might want to hold on to them a little longer because both iconic brands are shutting down. Owned by parent company Liberated Brands, Quicksilver and Billabong will cease operations in the U.S., with all 122 stores set to close.
As reported by Chain Store Age, Liberated Brands has hired Gordon Brothers to help liquidate inventory, including apparel and accessories for men, women, and children.
But if you’re not just shopping for clothing, there’s more: Gordon Brothers is also handling the offloading of leases for all 122 locations. So, if you’ve been eyeing some retail space, you could find a great deal.
According to the Associated Press, Liberated Brands has filed for Chapter 11 bankruptcy and has estimated assets worth between $100 million and $500 million.
Quicksilver and Billabong both gained popularity in the 1990s, though both were founded in the 1970s in Australia. Billabong began its decline around 2008, while Quicksilver saw a similar drop in the late 2000s and even filed for bankruptcy back in 2015.
Sadly, it’s the end of an era. No more surf-inspired styles to catch the waves.
Related Topics
- Popular Clothing Brand Issues Recall on Hoodie Due to Safety Concerns
- Skechers’ Ambitious Plans to Open 200 Stores in 2025 Draws Attention
- NBA Players Create Secret Fashion Lines, Blending Style and Sports
