U.S. footwear and apparel company Nine West filed for bankruptcy on Friday and said it would sell its Nine West and Bandolino footwear and handbag business to Authentic Brands Group.
Nine West, which owns brands such as Anne Klein and Gloria Vanderbilt, said it had received $300 million in debtor-in-possession financing and had entered a restructuring agreement.
The company, which had missed a debt interest payment in March, now plans to focus on its apparel, jewelry and jeanswear businesses.
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Read the full article at: https://www.cnbc.com/2018/04/06/footwear-company-nine-west-files-for-bankruptcy-and-will-sell-some-brands.html