Nine West files for chapter 11 - footwearbiz: Leading site for global

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Nine West files for chapter 11

11/04/2018
Footwear and apparel company Nine West has said it will sell off its footwear brands after filing for chapter 11 bankruptcy protection.

It revealed it expects to sell its Nine West and Bandolino footwear and handbag brands to Authentic Brands Group. This will allow it to focus on its apparel, jewellery and jeanswear businesses. 

Reuters has reported that Nine West has received $300 million in debtor-in-possession financing and has entered a restructuring agreement. It reportedly has around $1.5 billion in debt. 

Related stories:

Sale of brands an “important step” for Nine West 20/06/2018

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