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Rockport Approved For Closing Sales At Retail Locations

Law360, Wilmington (June 13, 2018, 10:40 PM EDT) -- Bankrupt shoe maker The Rockport Co. LLC received court approval Wednesday for a plan to wind down its retail operations in the United States and Canada, telling a Delaware judge that it could not find a buyer for any of its stores.

During a hearing in Wilmington, debtor attorney Michael J. Merchant of Richards Layton & Finger PA said that though Rockport has a stalking horse offer in hand for its wholesale operations and e-commerce platforms, the baseline bidder had not agreed to acquire any of...
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