Monday brought a flurry of developments on the tariff front as a 24-hour countdown began for the Trump administration’s slate of 25% levies for Mexico and Canada and 10% for China, though Mexico quickly agreed to an anti-drug trafficking border security ramp-up in exchange for a 30-day reprieve.

After losing licenses for the former Boardriders brands along with Volcom and Spyder in Dec., Costa Mesa, CA-based Liberated Brands is now seeking Chapter 11 protection in DE bankruptcy court and planning to sell off its assets.

Net results swung to an $18,927,000 loss against last year’s profit of $3,955,000 in the first fiscal quarter ending Dec. 27 on sales that were down 22% to $107,649,000 from $138,644,000, hit with significant declines across all segments.

Net income increased 10% in the fiscal second quarter ended Dec. 31 to SEK 125 million ($11.6 mm) from SEK 114 million, as revenues gained 12% to SEK 689 million ($63.9 mm) from SEK 613 million.

The B-Corp-certified adventure lifestyle brand hired former REI exec, Craig Rowley as chief marketing officer, and named Sara Westbrook SVP product & merchandising.

The luxury skiwear and lifestyle company bolstered its C-suite by adding two Canada Goose alums to drive growth, naming Chath Weerasinghe as CFO and COO and Vittorio Giacomelli to lead product strategy, product development, and innovation.