- American City Business Journals•10 months ago
Quiksilver Inc., which filed for Chapter 11 bankruptcy protection last month, said it has received bankruptcy court approval for $175 million debtor-in-possession financing that will allow it to stay in business. The Huntington Beach-based surf and skate apparel retailer said it received final approval from the U.S. Bankruptcy Court for the District of Delaware of the DIP financing package provided by affiliates of Oaktree Capital Management L.P. and Bank of America. Quiksilver also received bankruptcy court approval of an additional $10 million to honor pre-petition claims for critical vendors and said it will continue to work with the creditors’ committee on critical vendors.
- TheStreet.com•11 months ago
The struggles of even relative newcomers Zumiez and Tilly’s point to a segment treading in troubled waters.
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