Liberated Brands’ bankruptcy case dismissed

Major surf and skate brands such as Quiksilver, Billabong and Volcom are now operating under new licensing arrangements.

The U.S. Bankruptcy Court for the District of Delaware has officially dismissed the Chapter 11 bankruptcy case for Liberated Brands LLC and its affiliated entities, marking the end of a turbulent period for the former operator of prominent surf and skate brands.

Liberated Brands, which managed retail and e-commerce operations for labels such as Quiksilver, Billabong, Roxy, RVCA and Volcom under a licensing agreement with Authentic Brands Group, filed for bankruptcy protection in February. According to court documents from February, the California-based company shared that it had been struggling with macroeconomic shocks, supply chain issues and falling profits.

In the months leading up to the dismissal of the Chapter 11 bankruptcy case, Liberated Brands began to wind down its operations. According to the Wall Street Journal, the company closed over 120 retail locations across the United States and Canada and conducted liquidation sales to settle outstanding obligations.

With the dismissal of the bankruptcy case, Liberated Brands has completed the necessary steps to conclude its affairs under court supervision. As the company ceases its operations, the brands it previously managed will continue to operate under new licensing arrangements with the help of Authentic Brands Group.