Authentic Brands Group announced today that the United States Bankruptcy Court for the District of Delaware has officially approved the sale transaction of Rockport to Authentic. In late June, news had emerged that Authentic was the “stalking horse” bidder for bankrupt Rockport.

With the acquisition, Authentic adds to its portfolio of approximately 50 apparel, footwear and lifestyle brands, including Reebok, Airwalk, Frye, Tretorn, Prince, Hunter, and Vision Streetwear. Authentic believes it is poised to leverage its expertise in brand development and strategic partnerships to “propel the Rockport brand into new heights and unlock its full potential.”

Jamie Salter, Founder, Chairman and CEO of Authentic, described Rockport as “a perfect addition to our portfolio with opportunities for category expansion into apparel, accessories, outerwear, travel and more.” Salter added, “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.”

Authentic also announced a long-term licensing agreement with Marc Fisher Footwear, the US footwear partner for Authentic-owned Nine West, Hunter Boots and Bandolino. Marc Fisher Footwear will become the core footwear partner for Rockport in the US, taking on the brand’s footwear design, wholesale and e-commerce operations in the territory.