09 Sep Report: Quiksilver Preparing for Bankruptcy
Quiksilver Inc., the parent of Quiksilver as well as Roxy and DC Shoes, is preparing to file for bankruptcy as soon as Tuesday evening, sources told Bloomberg. A bankruptcy filing will enable Quiksilver to more easily exit many of its retail leases. As reported, the surf giant had been trying to attract bidders for a management-led buyout, ideally outside of a bankruptcy.
The Bloomberg article is here: http://www.bloomberg.com/news/articles/2015-09-08/quiksilver-is-said-to-plan-bankruptcy-filing-as-soon-as-tuesday?cmpid=yhoo