Surf 9, LLC, a licensee of Body Glove and several other sporting goods brands based in Bonita Springs, FL, has filed for Chapter 11 bankruptcy protection in E. NY listing up to $50 million in assets and liabilities. At the end of 2022, Surf 9 recalled about $20 million worth of Body Glove-branded paddeboards sold through Costco due to quality control problems. The recall expenses resulted in operating losses in 2023 and 2024, and sales of just $49 million last year, down from record 2021 sales of $135 million and EBITDA ... Log in to view full article.