Surf Brands Shut Down: Billabong and Others Close Stores Amid Operator's Bankruptcy Filing

All Billabong, Quicksilver, and Volcom stores in the U.S. will close their doors after the company behind these once wildly popular surf and skate brands has filed for bankruptcy, according to multiple reports.

Liberated Brands filed for Chapter 11 in Delaware earlier this week, blaming the rise of fast fashion and other issues for its financial struggles.

More than 100 store locations for Billabong, Quicksilver, and Volcom will be shut down in the coming weeks, reports stated.

However, the brands aren't going away. The licenses for the brands are being transferred to another company to keep making clothes and accessories.

Liberated Brands also operates other popular skate and surf-inspired clothing companies like Roxy and RVCA.