Source: The Business Journals: Raleigh/Durham

ROCKPORT: Footwear maker Rockport files for bankruptcy

Footwear maker The Rockport Group LLC said Monday that it has filed for voluntary Chapter 11 bankruptcy protection and has entered into a deal in which all of its assets have been purchased by a unit of middle-market private equity investor Charlesbank Capital Partners. The sale is conditional upon a bankruptcy court proceeding in which other bidders may come in higher than Charlesbank, which has filed to serve as the "stalking horse bidder" in a court-supervised sale process. The deal is subject...

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