Rockport
Rockport Group specializes in shoes with retailers selling their products in over 60 countries. In May 2018, it filed for bankruptcy, joining the ranks of fellow shoemakers Nine West and Payless. After it filed for bankruptcy, it was bought by Charlesbank Capital Partners, a private-equity group, completing the acquisition in July 2018. Hopefully, it makes a successful comeback.
Rockport
Chalesbank Capital, the private-equity group that bought Rockport, also ventured in other businesses like Shoppers Drug Mart, Princeton Review, and Papa Murphy’s Take ‘N’ Bake Pizza stores. Those companies are quite different from each other. Now, adding Rockport, this private-equity company has a very diverse portfolio! We will cover another show company that filed for Chapter 11.
The Walking Company
There seems to be a connection between shoes and bankruptcy. We have so far named a few shoe companies that filed for Chapter 11 bankruptcy. We mentioned Nine West, Payless, Rockport, and now, The Walking Company. If you want to start a shoe company, better learn from these companies’ mistakes! The Walking Company is a maker of comfortable walking shoes. .
The Walking Company
In March 2018, they filed for Chapter 11 bankruptcy. That was even before Rockport filed for bankruptcy. However, it wasn’t the first time for The Walking Company to file for bankruptcy. Ten years ago, it also filed for Chapter 11. However, this store has a happy ending – it came out of bankruptcy in July
