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Shoe Company Rockport Files for Bankruptcy

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The Rockport Group and its U.S. and Canadian subsidiaries filed voluntary Chapter 11 bankruptcy on Tuesday. The footwear 47-year-old company has entered into an asset purchase agreement with CB Marathon Opco LLC, an affiliate of Charlesbank Equity Fund IX in which Charlesbank will acquire substantially all of Rockport’s assets. According to Rockport, the transaction with Charlesbank…

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