
April 9, 2018

NORTH AMERICA– Nine West Holdings, a portfolio of brands including Nine West, Anne Klein and Gloria Vanderbilt, has filed for Chapter 11 bankruptcy in the U.S.
Through the “capital restructuring,” the company will look to sell its Nine West and Bandolino footwear and handbag business as well as tailor its capital structure to fit its profitable endeavors including One Jeanswear Group, The Jewelry Group, the Kasper Group and Anne Klein.
Additionally, the company has received $300 million in debtor-in-possession financing and has entered into a Restructuring Support Agreement with parties that hold or control more than 78 percent of its secured term debt and more than 89 percent of its unsecured term debt.
Nine West follows a bevy of specialty brick-and-mortar stores facing bankruptcy, a trend that can be attributed to a rise in online shopping and changing consumer behavior.
"This is the right
According to
, Authentic Brands Group has bid $200 million for IP tied to the company’s Nine West and Bandolino brands.\
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