Billabong

(Newser) - The company that operates Quiksilver, Billabong, and Volcom stores in the US says it can no longer compete with fast-fashion rivals in a tough retail environment. Liberated Brands has filed for Chapter 11 bankruptcy protection, and it plans to permanently close more than 100 stores on the US mainland selling...

(Newser) - Bust out the "wipeout" surfing analogies for Billabong: The Aussie surfwear brand had been valued at $3.5 billion as recently as 2007. Today? It is literally worthless. The 40-year-old company reported a net loss of $772 million for the fiscal year and wrote down the value of the...