Are Rockport Stores Closing

On May 14, 2018, Rockport filed for Chapter 11 bankruptcy protection, citing a “costly and time-consuming separation” from their former owner, Adidas AG. Charlesbank Capital Partners purchased the company out of bankruptcy in July 2018; on July 23, the company’s 60 brick-and-mortar retail locations were closed.

What happened to the quality of Rockport shoes?

Why? Rockport decided to increase their profit by drastically downgrading the quality of the shoe. The soles are no longer made of high quality materials, but are now made of cheap foam rubber designed to wear out in less than a year (and they do).

Is Rockport owned by Reebok?

Previously family-owned, Rockport — founded in 1971 in West Newton, Mass. — came under Reebok’s ownership in 1986. Reebok and its subsidiaries were purchased by Adidas in 2005. In early 2015, New Balance Holding and Boston-based Berkshire Partners LLC bought Rockport from Adidas for an estimated $280 million.