Shoe company Rockport will be sold to private equity firm Charlesbank following its chapter 11 bankruptcy proceedings. While the company’s North American retail operations are being shut down its sales look set to continue through other routes. The company’s U.S. seaborne imports fell 2% in the second quarter on a year earlier after a 12% slump in the first. The company’s sourcing has been led by suppliers in Taiwan (38% of the total in the past year) and increasingly by those in India (30%, led by Farida and Aston) and Hong Kong (10% including Earth Brands).
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