Pursuits
Quiksilver Files for Bankruptcy Protection in Delaware
- Surfwear retailer says sprawling operations damaged brand
- Oaktree to take over after supplying $175 million in financing
Quicksilver
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Quiksilver Inc., the California clothing chain that helped spread surfer and skateboarder styles around the world, filed for bankruptcy with a plan to hand control over to its senior lenders.
The company, rooted in the seaside cultures of Australia and Southern California, failed to pull off a turnaround begun in 2013, Chief Financial Officer Andrew Bruenjes said in court papers filed Wednesday. The Huntington Beach, California-based retailer had been trying to overhaul an organization that was so spread out that it was hurting operations.