Nine West Could File for Bankruptcy

Content Manager

Nine West Holdings Inc. and its creditors are looking to close on a deal and restructure almost $1.5 billion in debt that would include filing for bankruptcy and selling off parts of the company, Bloomberg reported.

The women’s shoe and apparel company, founded in 1978, would seek Chapter 11 protection with a restructuring plan and file before a March 15 interest payment is due on its debt.

Current owners Sycamore Partners LLC acquired Nine West as part of a $2.2 billion acquisition of former parent Jones Group Inc. in 2014.

Major bankruptcy filings in 2017 included Toys ‘R’ Us, which just announced it was closing 180 stores, and specialty clothing retailer Gymboree. Bon Ton Stores is planning to file for bankruptcy early this year, Bloomberg reported.

You can read the full article by clicking here.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.