The surfing clothing firm Quiksilver has filed for bankruptcy in the US after it lost 79% of its market value this year.
Founded in Australia in 1969 but now based in California, the company operates in 100 countries.
It said in a statement however that its operations outside the US are not part of the Chapter 11 filing.
It listed in the US in 1986 but earlier this year its share price fell so low, it was threatened with … More
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