Rockport files for bankruptcy ahead of acquisition

The footwear brands is focusing on global wholesale, and independent and ecommerce business.
Author:
Publish date:
Rockport footwear display in a department store

Rockport shoes are sold online, in specialty retailers, and in department stores in 60 countries.

Rockport today announced that it has filed for Chapter 11 bankruptcy protection in order to be acquired by CB Marathon Opco, LLC an affiliate of Charlesbank Equity Fund IX.

In a statement, Rockport said the “asset purchase agreement” will enable the company to focus on global wholesale, independent retail, and ecommerce operations in Asia and Europe.

As part of the sale, Charlesbank will have the opportunity to decide to acquire any of Rockport’s North American retail operations. In the meantime, Rockport is seeking court authorization to close retail locations not acquired by Charlesbank or any other company.

For now, customers can continue to shop for Rockport’s brands—including Aravon and Dunham—at leading department stores and specialty retailers around the world, as well as online and at retail locations in the U.S., Canada, Europe, and Asia.

Details about any store closings will be provided by Rockport at a later date, according to a news release.

"Since our founding more than 45 years ago, Rockport has revolutionized the footwear industry, merging the comfort of athletic shoes with the smart, sophisticated look of dress and casual styles," Rockport said in its statement. "...Importantly, we do not expect the availability of Rockport shoes to be affected anywhere in the marketplace. We are as committed as ever to delivering the same great products you know and love.”

Tags
terms:
Footwear

Related

Asian woman wearing Royal Robbins on bridge with Japanese building in background

The next chapter of the Royal Robbins brand

Wearing the same outfit on the plane, while exploring new countries, while climbing and hiking, and back on the airplane again could pin you as a dirtbag. But it could also mean you're a savvy and smart adventure traveler. Late rock climber Royal Robbins was both. Those are the ...read more

Indosole crop

Cool find of the day: Indosole

When Kyle Parsons was walking the streets of Bali in 2004, one of his flip flops fell apart. Barefoot, Parsons went looking for a pair that really represented Bali. What he found was a pair with uppers made of grass and soles made of motorbike tires. "I was really intrigued by ...read more

Hi-Tec introduces men's and women's clothing and accessories

Hi-Tec branches out into apparel and accessories

For the first time, footwear brand Hi-Tec is joining the crowded crossover apparel realm with the launch of a new line of hoodies, pants, beanies, and other pieces aimed at people who want their garb to transition from trail to office.  “Hi-Tec’s® expansion into apparel and ...read more

UNEEKBOT

Meet UNEEKBOT, the world's smallest shoe factory

KEEN Footwear is on a West Coast tour, showing off the world’s smallest shoe factory. The UNEEKBOT—a robot that builds glue-less cord and rubber shoes in about 30 minutes—is KEEN’s example of how the outdoor industry can re-think the supply chain process by maximizing ...read more

Albanese_VibramResole__2978_preview

Vibram's revival of soles

Humor us for a moment. If you flip over your shoes, what brand is the rubber? This Monday, I sifted through my shoes to find a pair needing new soles. The Vibram Sole Factor crew was coming by that day as part of their second full year of touring the U.S., in partnership with ...read more

Helly Hansen ad

Helly Hansen to be acquired by Canadian Tire

Canadian Tire Corporation Ltd (CTC) has announced its plans to purchase Helly Hansen, the Oslo, Norway-based maker of sportswear and workwear. Founded in 1877, Helly Hansen is controlled by the Ontario Teachers' Pension Plan. CTC has agreed to purchase the company and brands for ...read more

Diana Seung in blue jacket and white cap in Zion National Park

Camber's Diana Seung joins Jack Wolfskin in leadership role

Jack Wolfskin appointed Diana Seung as the first general manager of the North America operation, which will be based out of Salt Lake City. A Jack Wolfskin representative confirmed the news, without offering more information yet. Seung did not return our messages, but she ...read more

Farm to Feet seamless toe wool socks

Grassroots Outdoor Alliance adds four new vendors

Farm to Feet, KAVU, Rab, and Sierra Designs have joined Grassroots Outdoor Alliance's national vendor network, the group announced today. “Within Rab, we talk about surrounding ourselves with kindred spirits – those who relish the experience of a gritty and memorable mountain ...read more

Two people hiking with Deuter packs

UPDATE: Katadyn, Deuter pull out of Walmart outdoor store

Deuter and Katadyn announced that they will not participate in Walmart’s new premium outdoor store, three days after the big box discounter launched the site curated by Moosejaw. The 120-year-old backpack maker said in a press release that as part of a “trial arrangement,” Deuter ...read more