Authentic Brands Group has received approval from the U.S. Bankruptcy Court for the District of Delaware to purchase footwear brand Rockport. Financial terms of the deal were not disclosed.
In addition, Authentic has signed a long-term licensing agreement with Marc Fisher Footwear, a leading full-service fashion footwear company and the U.S. footwear partner for the Authentic-owned brands Nine West, Hunter Boots and Bandolino brands. Marc Fisher will now also take on Rockport’s footwear design, wholesale and ecommerce operations in the U.S.
“Rockport’s core consumer is more active than ever,” said Jamie Salter, Founder, Chairman and CEO of Authentic said in a statement. “The brand’s offering is a perfect addition to our portfolio with opportunities for category expansion in apparel, accessories, outerwear, travel and more. There is a significant addressable market, presenting opportunities for the brand to evolve into a full lifestyle offering with a focus on innovation and comfort.”
Rockport’s products are currently available in various retail channels across more than 60 countries. Authentic is expected to announce additional partners for the brand in the coming months.