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No Fear Sells Out

Carlsbad-based No Fear has found buyers for both its trademarks and intellectual property and its inventory and store operations. Because the buyer of the stores, Ryderz Compound Inc., has intentions to continue to operate the stores as a going concern, employees at 41 stores in the southwest will likely keep their jobs.

Ryderz offered $3.08 million for the stores, which it expects to re-brand with a new name. Brands Holding Ltd. paid $11.1 million in June for brands including the No Fear and So Cal clothing lines in a transaction separate from the store operations sell-off last June.

No Fear entered Chapter 11 bankruptcy last February, showing assets of $25 million and debts of $12.5 million. Sales have been reported as “lower than projected,” motivating the company to pursue a quick sale.

The company specializes in what it calls “action wear,” targeted at teens and young adults, particularly “blue collar” males.

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Carlsbad-based No Fear has found buyers for both its trademarks and intellectual property and its inventory and store operations. Because the buyer of the stores, Ryderz Compound Inc., has intentions to continue to operate the stores as a going concern, employees at 41 stores in the southwest will likely keep their jobs.

Ryderz offered $3.08 million for the stores, which it expects to re-brand with a new name. Brands Holding Ltd. paid $11.1 million in June for brands including the No Fear and So Cal clothing lines in a transaction separate from the store operations sell-off last June.

No Fear entered Chapter 11 bankruptcy last February, showing assets of $25 million and debts of $12.5 million. Sales have been reported as “lower than projected,” motivating the company to pursue a quick sale.

The company specializes in what it calls “action wear,” targeted at teens and young adults, particularly “blue collar” males.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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