Rockport news and archive

US brand Rockport to enter UK and Ireland via new Authentic deal

US footwear brand Rockport is set to enter the UK and Ireland through a new deal between its parent company Authentic Brands Group and distribution firm Chapters brand Group. Through the agreement, Chapters will distribute Rockport men’s and women’s footwear across the two regions. In a release, Chapters’ managing director, Graeme Nichol, said...

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Authentic Brands Group acquires Rockport

Authentic Brands Group (Authentic), the global brand development, marketing and entertainment platform that owns Ted Baker, has acquired US footwear brand Rockport, which filed for Chapter 11 in June. In a statement, Authentic said that Rockport would expand its diverse footwear portfolio, offering “comfort and technical product innovation,”...

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Rockport and Reef to transition Canadian businesses to distributor model

The Rockport Company, LLC and its subsidiary Reef Lifestyle LCC have entered into an agreement with Canadian logistics and distribution company Trend Marketing to transition its Canadian businesses to a distributor model. The transaction is expected to close for Rockport’s brands (Rockport, Aravon, Dunham) on May 1 and for Reef on June 1. “Trend...

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Charlesbank completes acquisition of Rockport

Charlesbank Capital Partners has completed the acquisition of The Rockport Group, the company which owns footwear brands Rockport, Arabon and Dunham. “Affiliates of Charlesbank, in partnership with management, have acquired substantially all the assets of the company, including the North American wholesale and e-commerce operations, all of...

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The Rockport Group seeking approval to sell company to Charlesbank

The Rockport Group, which owns footwear brands Rockport, Aravon and Dunham, announced that it is seeking approval from the US Bankruptcy Court to complete the sale of all its assets to CB Marathon Opco LLC, an affiliate of Charlesbank Capital Partners. ”With the financial strength, consumer expertise and support of Charlesbank, Rockport will be...

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Adidas in search of a new CEO

German sportswear giant Adidas is reportedly in search for a new Chief Executive Officer. The shares are up more than 6.2 percent on Xetra. CEO Herbert Hainer, who has been serving the company since 2001, got his tenure extended to 2017. However, the investors were not happy with the company's performance, especially in comparison with its rival...

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Adidas FY14 sales rise

Shares of Adidas AG gained around 4 percent in Germany after the Sports goods giant reported Friday higher sales in fiscal 2014, with both top and bottom-line reaching financial targets on an underlying basis. The company also announced a definitive deal to sell its Rockport business for 280 million dollars. In its financial update, the company...

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Adidas to sell Rockport business to new entity

Sports goods giant Adidas said that it has entered into a definitive agreement to sell its Rockport business to a new entity formed by Berkshire Partners and New Balance for a total consideration of 280 million dollars, most of which will be paid in cash with the remainder comprised of notes. According to the company, New Balance will contribute...