The U.S. District Court for the District of Delaware has approved the bidding process for the sale or auction of the remaining assets of Liberated Brands, LLC. The move comes after the company, the former licensee of the former Boardriders brand, filed for Chapter 11 bankruptcy protection on February 2, 2025
Liberated and its advisors have reportedly been engaging with several potential interested parties to solicit and develop the highest and otherwise best offers for the sale of the assets.
All bids are due Monday, March 10, at 5 p.m. ET. If there are two or more bids, an auction will be held on March 17, with a hearing to approve the buyer proposed for March 24.
One or more stalking horse bidders could be selected to set the floor in an auction. They would be guaranteed a breakup fee and expense reimbursement of no more than 3 percent of the total purchase price.
Image courtesy Authentic Brands Group/Quiksilver
