An American investment company, Charlesbank Capital Partners, has been allowed by a bankruptcy court to take over the Rockport Group through an affiliate, including the Aravon and Dunham brands that previously belonged to New Balance. The deal was made possible after the settlement of claims made by the Adidas Group, which owned the Rockport brand until 2015, and Stella International, a major supplier of the bankrupt group. Adidas, which had asked for damages of $54 million, agreed to collect only $8 million from the proceeds of the sale. Stella settled for a payment of $2.7 million. The new owners have appointed an industry veteran, Gregg Ribatt, as Rockport's new chief executive. Ribatt, a former president of Stuart Weitzman who headed up the Performance & Lifestyle Group of the former Collective Brands until its sale to Wolverine Worldwide, stepped down a year ago as CEO of Crocs, after leading it to a good start for its recent recovery.

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