End in sight for Rockport

A bankruptcy court in Delaware has approved footwear company Rockport’s plan to liquidate.

The Rockport Group had filed for Chapter 11 bankruptcy in May — with an eye to being acquired. Most of its assets were sold in August for $150 million to an affiliate of Charlesbank Capital Partners, which was the only bidder for the company.

Prior to filing for bankruptcy, Rockport’s wholesale operations accounted for about 57% of global sales. The brand also operated 27 stores in the U.S. and 33 in Canada.
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