Search the Community
Showing results for tags 'parasuco'.
Found 1 result
BitcoinBill posted a topic in BusinessBrands like Under Armour and sports focused lines are doing very well others are struggling. 2014/2015 has been a test of who's staying and who's leaving the industry. A few big names are hoping this year ends quickly: Quiksilver: The legendary surfwear company filed for Chapter 11 seeking to cut $500m in debts. While still profitable, the company says disruptions in its supply chain and the west coast port shutdowns caused it to miss shipments and not get products to retail and customers. http://www.wsj.com/articles/surfwear-retailer-quiksilver-files-for-bankruptcy-protection-1441801199 Kanati Clothing Co: The largest Native American owned menswear company had operations come to a halt in Pakistan for reasons beyond their control. They have since had to invest in their own domestic manufacturing. The downtime has caused delays in shipments and retail. http://www.yarnsandfibers.com/news/textile-news/textile-manufacturer-kanati-plans-close-doors-pakistan-and-focus-domestically#.VgBwKmRVhHw MEXX: The huge Dutch owned brand filed for bankruptcy. The company owned some 350 brick and mortar stores. http://www.cbc.ca/news/business/mexx-canada-to-liquidate-stores-before-closing-by-end-of-february-1.2900539 Parasuco: The legendary denim company closed all of its retail stores but remains in business after filing for bankruptcy. http://www.thestar.com/business/2015/02/06/once-hip-parasuco-jeans-brand-bankrupt.html This is only a few examples of a much bigger trend, are the days of the independent brand dead?