Nine West Holdings, Inc. will continue to work with several other production and sourcing partners and intends to reduce its own Asian sourcing team. The design, merchandising, marketing, and distribution of its footwear brands will continue to be handled by the Nine West Holdings brand teams.

"We believe this arrangement allows our Nine West, Bandolino and Anne Klein brand teams to focus on the consumer and to continue to provide them with outstanding footwear", stated Ralph Schipani, interim President of Nine West Holdings, adding: "With the support of well-respected third party partners, including Camuto Group, we will be able to ensure that our footwear is sourced with a focus on quality, fit and comfort, while maintaining all aspects of the design, merchandising and marketing in-house. Many members of the sourcing team at Camuto Group have worked with Nine West in the past, and we look forward to benefitting from their production and sourcing expertise, as well as their familiarity with our products and brands."

Nine West Holdings is a women's footwear, accessories and denim company with a portfolio of brands that includes Nine West, Easy Spirit, Anne Klein, Gloria Vanderbilt, and l.e.i. The company is a wholesale partner to major retailers, operates its own stores, and has international licensing arrangements covering more than 1 200 points of sale around the world. Nine West Holdings is a portfolio company of Sycamore Partners, a private equity firm based in New York specializing in consumer and retail investments.