The business holds the licences for Australian surf brands Roxy, Billabong and Quiksilver has filed for bankruptcy in the US.
Liberated Brands has filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code, the company confirmed in a statement.
The company will close over 100 of its retail locations in the US and nine stores in Hawaii remain under review.
Liberated said the company is in the “process of transitioning its brand licences to new licence holders” to ensure continuity of the Aussie-owned brands in the US.
“The Liberated team has worked tirelessly over the last year to propel these iconic brands forward, but a volatile global economy, consumer…
