Nine West Could File for Bankruptcy

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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.

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