World Footwear

Companies

Nine West close to filing for bankruptcy

Jan 24, 2018 / United States
Nine West close to filing for bankruptcy
The deal would allow Nine West to restructure about 1.5 billion US dollars in debt and would include sale of assets. Speculation about the next move of the company has been around for months
Nine West and its creditors might be on the verge of closing in on a deal to restructure almost 1.5 billion US dollars of debt, which would include filing for bankruptcy and selling off parts of the shoe and clothing retailer.

Nine West would seek Chapter 11 court protection with a restructuring plan agreed upon in advance by its creditors, while the asset sales would be focused on paying off creditors of the company. Chapter 11 bankruptcy allows a company to stay in business while it works out a plan to repay its creditors.

No official comments from either Nine West or its private equity owner Sycamore Partners LLC are known.

Related Events

  • May
    22
    May 22-May 24, 2018 | Chicago, Illinois, United States

    Techtextil North America

  • Jun
    4
    Jun 4-Jun 8, 2018 | New York, United States

    FFANY - Shoe Show

  • Jul
    22
    Jul 22-Jul 24, 2018 | New York, United States

    Project Sole New York

  • Jul
    23
    Jul 23-Jul 26, 2018 | Denver, United States

    Outdoor Retailer

Related Organizations

  • FDRA - Footwear Distributors and Retailers of America

    FDRA - Footwear Distributors and Retailers of America

    United States
  • WSTA - World Shoe Travelers Association

    WSTA - World Shoe Travelers Association

    United States
  • AAFA - American Apparel & Footwear Association

    AAFA - American Apparel & Footwear Association

    United States
  • Brooklyn Shoe Space

    Brooklyn Shoe Space

    United States