Denver's Freebird boots faces closure, seeks buyer

Freebird, a Denver-based boot seller, has closed its headquarters, laid off staff, and is shuttering 14 stores due to a severe liquidity crisis and the search for a buyer. The company, under court-appointed control after a lawsuit from KeyBank, owes millions to a manufacturer and faces dwindling inventory. The receiver, Doug Charboneau, is closing underperforming stores and reducing staff to cut costs. Freebird's handmade boots, priced between $200 and $400, are now subject to a no-return policy. The receiver is in negotiations with potential buyers, while the company's founder declined to comment.