Rockport files for Chapter 11 and will be sold
23/05/2018
Under new ownership, Rockport has said it will focus mostly on wholesale and e-commerce operations.
On May 16, Rockport said it had access to enough money to keep trading pending the conclusion of Charlesbank’s acquisition of “substantially all of Rockport’s assets” and that its business was functioning as usual.
Rockport was founded in 1971 and was acquired by Reebok in 1986. Ownership passed to adidas in 2006 with the acquisition of Reebok but in 2015 adidas decided not to continue running Rockport. It sold the group for $280 million to an entity formed by private equity firm Berkshire Partners and New Balance.
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