Rockport Files for Bankruptcy Again
Forty years after introducing DresSports, considered the first classic dress shoe with a rubber sole, The Rockport Company yesterday filed for Chap. 11 bankruptcy protection for the second time in five years. The petition lists some $99.7 million in funded debt obligations and more than $63.1 million owed to its 20 largest unsecured trade creditors. Topping that list are Stella Intl. ($24.1 mm), Maersk Warehousing and Distribution ($10.9 mm), East Mount Shoes of China ($6.9 mm), and India’s Farida Shoes ($2.6 mm). Two of Rockport’s three loan facilities, totaling $61.1 million, ... Log in to view full article.