Quiksilver Inc., the parent of Quiksilver as well as Roxy and DC Shoes, is preparing to file for bankruptcy as soon as Tuesday evening, sources told Bloomberg. A bankruptcy filing will enable Quiksilver to more easily exit many of its retail leases. As reported, the surf giant had been trying to attract bidders for a management-led buyout,  ideally outside of a bankruptcy.

The Bloomberg article is here: http://www.bloomberg.com/news/articles/2015-09-08/quiksilver-is-said-to-plan-bankruptcy-filing-as-soon-as-tuesday?cmpid=yhoo