Nine West Holdings
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Parts of this article (those related to fate of business operations after bankruptcy) need to be updated.(April 2019)
Number of employees
Nine West Holdings (formerly The Jones Group and Jones Apparel Group) is an American designer, marketer and wholesaler of branded clothing, shoes and accessories. In 2019, the company restructured under and is renamed Premier Brands Group Holdings Llc.
In December 2013, Sycamore Partners, which is managed by Stefan L. Kaluzny, purchased the Jones Group for about US$2.2 billion. Wesley Card is the CEO of The Jones Group. In 2014, Sycamore split Jones into six different companies: Nine West Group, One Jeanswear Group, Jones New York, the Kasper Group, Stuart Weitzman and Kurt Geiger. The Jones Group was renamed Nine West Holdings and became parent to Nine West Group and One Jeanswear Group. Later in 2014, Anne Klein, Easy Spirit and NW Jewelry Group were split into separate operating companies of Nine West.
In December 2016, Easy Spirit was sold to Marc Fisher Footwear. The Kasper Group was then purchased and incorporated under the parent company Nine West Holdings in January 2017. In January 2017, the company appointed Joel Oblonsky as the CEO of the company.
Nine West Holdings filed for chapter 11 bankruptcy in April 2018. In July 2018, the namesake Nine West brand, as well as the Bandolino shoe brand, were sold to Authentic Brands Group. Bondholders have accused Sycamore Partners, the private equity firm that purchased Nine West Holdings in 2014, of carving out valuable company assets to sell to itself, thus ensuring a profit for the fund even as the company itself headed toward bankruptcy, and argue that the company could be hurt if Sycamore-owned department store chain Belk threatens to refuse to buy from the company if the bankruptcy settlement isn't approved.
The company emerged from bankruptcy in March 2019 and renamed itself Premier Brands Group. Divisions include One Jeanswear Group, The Jewelry Group, Kasper Group and Anne Klein.
This section needs additional citations for verification. (April 2019)
Nine West Holdings' brands include:
- Anne Klein
- Bandolino (sold to Authentic Brands Group in 2018)
- Nine West (sold to Authentic Brands Group in 2018)
- Enzo Angiolini
- Circa Joan & David
- The Jewelry Group (Formerly NW Jewelry)
- ONE Jeanswear Group
- Gloria Vanderbilt
- GLO Jeans
- Jessica Simpson Jeanswear
- The Kasper Group
- Albert Nipon
- Anne Klein
- Evan Picone
- Le Suit
- Nine West
- Martha Stewart
- Daisy Fuentes
- Skinny Girl
- Reuters Staff (2019-03-20). "Fashion company Nine West emerges from bankruptcy as 'Premier Brands'". Reuters. Retrieved 2021-04-27.
- Clark, Evan (19 December 2013). "Sycamore to Buy The Jones Group in $2.2B Deal". WWD. Retrieved 20 December 2013.
- "Sycamore Completes Acquisition of The Jones Group". WWD. 9 April 2014. Retrieved 9 April 2014.
- Sycamore Partners Establishes Four Additional Independent Companies in Organizational Realignment of The Jones Group
- Sycamore’s Nine West Footwear Group to Split Into Four Companies
- Steve Madden Acquires Brian Atwood
- Coach Expands Luxury Fashion Brand Buying Shoemaker Stuart Weitzman
- Jones New York finds a new home
- "Marc Fisher Footwear Snaps up the Easy Spirit Brand". 3 January 2017.
- Inc., Nine West Holdings. "Nine West Holdings to Acquire the Kasper Group". www.prnewswire.com. Retrieved 2017-01-27.
- Butler-Young, Sheena (2017-01-31). "Industry Moves: January 2017". Footwear News. Retrieved 2018-01-30.
- Ducharme, James (2018-04-06). "Nine West Holdings Files for Chapter 11 Bankruptcy". Fortune. Retrieved 2019-02-10.
- DiNapoli, Jessica (2018-06-11). "Authentic Brands beats DSW in auction for Nine West: sources". Reuters. Retrieved 2019-02-10.
- Howland, Daphne (2019-01-17). "Nine West bondholders object to Sycamore settlement". Retail Dive. Retrieved 2019-02-10.
- Howland, Daphne (2019-03-21). "Nine West Holdings rebrands in Ch. 11 exit". Retail Dive. Retrieved 2019-06-03.
- "OUR BRANDS". The Kasper Group. Retrieved 2017-01-27.