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Shoe Company Rockport Files For Chapter 11 Again

Rockport has filed for Chapter 11 bankruptcy for the second time, about a month after alerting state officials it may permanently close its West Newton, Massachusetts headquarters this summer. "Rockport’s private equity owners at Charlesbank Capital Partners started trying to sell the company last year, according to documents filed Wednesday in bankruptcy court in Delaware. Reorganizing the company’s debts via Chapter 11 will buy Rockport some time to sell at least part of the company, such as its shoe designs and brands. It also leaves open the possibility that the company could endure if a new owner emerges, although Rockport already has one unnamed buyer lined up for some of its assets," per the Boston Globe



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