adidas Group completes divestiture of Rockport

adidas Group completes divestiture of Rockport
Herzogenaurach, Germany / Canton, Massachusetts, United StatesAugust 3, 2015

The adidas Group announced today that it has formally completed the divestiture of its Rockport business to a new entity formed by Berkshire Partners LLC and New Balance Holding, Inc. Following the completion of the divestiture of the Rockport business segment on July 31 2015, the Rockport segment will be deconsolidated.

Headquartered in Canton, MA, The Rockport Company LLC is a global designer, developer, manufacturer, distributor and retailer of footwear under the Rockport brand. Rockport offers a full line of men’s and women’s footwear which is sold through a global multi-channel distribution network.