Affiliates of Authentic Brands Group, ABG-Regatta LLC and ABG Intermediate Holdings, have emerged as the ‘stalking horse’ bidder for The Rockport Co., agreeing to pay $40.4 million for the bankrupt firm’s intellectual property, $5 million for its Korean subsidiary and additional, yet-to-be-determined amounts for inventory. The closing cash purchase price would be determined in a sale order with the transaction slated to close by July 28. With the acquisition, ABG would add to its vast portfolio of approximately 50 apparel, footwear and lifestyle brands that includes at least seven labels with ... Log in to view full article.