Another action sports retailer has filed for bankruptcy protection.
Puerto Rico-based Bora Bora Inc., an important account with four stores on the island, filed for Chapter 11 bankruptcy protection Wednesday, according to court records.
President Oscar Juelle said in an interview with Shop-eat-surf this afternoon that the company filed for bankruptcy protection to restructure its debt and because of the tough economic climate. The company has been in business for 25 years.
"It's tough all over the world, and in Puerto Rico, too," he said.
Another action sports retailer has filed for bankruptcy protection.
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Posted in: Executive Edition
Tagged with: bankruptcy, Bora Bora, Executive Edition, Oscar Juelle, Retail
