Popular US shoe brand Rockport, known for its comfy casual and dress shoes inspired by running shoes, has filed for bankruptcy.
Rockport shoes are sold through a number of Australian retailers including The Athletes Foot, Mathers and the department store David Jones.
The US-based footwear company will undergoes voluntary restructuring under Chapter 11 bankruptcy.
The Chapter 11 bankruptcy filing means a company can temporarily retain its operations and attempt to restructure the business without the threat of creditors appointing receivers or liquidators.
Rockport has entered into negotiations with a potential purchaser which has significant experience in the industry, to serve as a stalking horse bidder, according to ragtrader.
Rockport Grou…
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