Monday, April 9, 2018

Nine West files for bankruptcy; to sell namesake brand

Chain Store Age
Massive debt has finally taken its toll on Nine West.

Nine West Holdings Inc. said Friday that it has filed for Chapter 11 bankruptcy protection, with a plan to sell its namesake and Bandolino footwear and handbag businesses as part of its reorganization to Authentic Brands Group. The company said it plans to revamp its capital structure around its profitable businesses, including Anne Klein, Kasper Group, The Jewelry Group and One Jeanswear Group.. . . more