Volcom’s parent company, Liberated Brands, filed Chapter 11 bankruptcy earlier this month, leading to the closure of the Coronado Center store and more than 100 others across the U.S.

There is good news for fans of Billabong, Quiksilver and Volcom as the iconic brands will apparently be saved amid a bankruptcy filing that has forced more than 100 stores to close.

Liberated Brands, which until recently operated skateboard and surfing-inspired retail brands including Quiksilver, Billabong and Volcom, has filed bankruptcy as more customers choose “fast fashion” competitors.

The surf-and-skate-inspired clothing labels will continue to be sold by other retailers as the company lays off 1,400 employees amid ‘consumer spending changes.’ It’s the end of an era for surf-and-skate-inspired clothing enthusiasts,

Liberated Brands filed for Chapter 11 bankruptcy protection, which will result in hundreds of retail closures.

A popular fashion company known for surf brands has filed for bankruptcy. Yahoo Finance reports Liberated Brands, which operated Billabong, Roxy, Quiksilver, and Volcom, has filed for Chapter 11 bankruptcy in Delaware. Liberated said it would close 120 stores in the U.S. and Canada, firing more than 1,400 people from their jobs.

Liberated Brands, the operator for Billabong, Quiksilver, and Volcom, filed for bankruptcy effectively closing the popular retailers in the U.S.