Large Retailers Which Have Filed For Bankruptcy
Rockport
The Rockport Company was formed in 1971 with an investment of only $15,000. 15 years later, it was reporting an average profit of $100 million a year, thanks to its niche as a manufacturer of comfortable walking shoes. In 1986, the family-owned business chose not to go public but rather sell the company to Reebok, which, in turn, was later acquired by Adidas.
In 2015, Rockport was then acquired from Adidas by Berkshire Partners and New Balance Holding, Inc., forming The Rockport Group. This separation from Adidas turned out to be costly and time-consuming, which became the premise of their bankruptcy filing in May 2018.
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