Rockport Group has filed for bankruptcy under Chapter 11 in the District of Delaware.
Rockport is sold through a number of Australian retailers including The Athlete’s Foot and Mathers.
The US-based footwear company has confirmed it will operate business as usual as it undergoes voluntary restructuring. As part of the case, Rockport also intends to file a motion seeking authorisation to pursue a sales process.
Rockport has entered into negotiations with a potential purchaser which has “significant experience” in the industry, to serve as a stalking horse bidder.
Rockport Group CEO Gregg Ribatt has resigned from his position, while Joseph Marchese of PKF Clear Thinking has been appointed chief restructuring officer.
The immediate relief …
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