Another weekend, another major retail bankruptcy. This time it was
privately held Nine West Holdings Inc., a women`s shoe and apparel
wholesaler, which filed for bankruptcy after racking up about $1.6
billion in debt, the second-largest amount of debt on rating agencies`
list of `loans of concern` last year.
Coincidentally, the company also reported $1.6 billion in revenue in fiscal 2017. Private equity firm Sycamore Partners Management acquired the company and affiliated brands in the 2014 for $2.2 billion... ...more | ||
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