Nine West files for bankruptcy, plans to sell its namesake shoe brand and reorganize

Nine West Holdings Inc. filed for bankruptcy protection with a plan to sell some assets and reorganize others, after too much debt felled the shoe and clothing company controlled by Sycamore Partners.

The Chapter 11 filing in New York lists debts of more than $1 billion.

The company will use the bankruptcy to sell its Nine West and Bandolino brand while reorganizing around other businesses including the Anne Klein name, according to a statement.

Continue reading: LA Times