Rockport Hikes Out of Bankruptcy As Imports Slow, Supply Chain Shifts — Panjiva


Rockport Hikes Out of Bankruptcy As Imports Slow, Supply Chain Shifts

Cons. Discr. - Apparel 214 Financing 85 India 283 Taiwan 98 U.S. 3297

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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