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Nine West Holdings, which owns the Nine West and Anne Klein brands, has filed for bankruptcy.Friday's chapter 11 filing shows that the company owes more than billion.Nine West said in a statement that it plans to sell Nine West and its Bandolino line to Authentic Brands Group. ABG owns Juicy Couture and Aéropostale, among others.The company's eponymous brand and Bandolino both sell women's shoes, handbags and accessories.Ralph Schipani, the struggling retailer's CEO, said that the restructuring will help the company reduce debt and increase growth by allowing it to focus on its stronger brands, like Anne Klein and One Jeanswear Group."This is the right step," Schipani said. "We will retain our strong, profitable and growing apparel, jewelry, and jeanswear businesses." He added that the changes should help the company to "be well positioned for the future."Nine West said it expects to continue operating normally during the bankruptcy process.The company, which has been owned by Sycamore Partners Management since 2014, joins a growing list of retailers that have filed for bankruptcy this year. Claire's filed for bankruptcy last month, and Toys "R" Us in September. The toy seller said recently that it is closing or selling all of its US stores.Last year, more than 7,000 stores closed, which set a record.Retailers have been struggling to compete with online retailers like Amazon, and suffering from the death of the mall. Many have also struggled to survive under mountains of debt.The-CNN-Wire 1524

Nine-year-old Nariya White loves to concoct slime and make lip gloss. She's an aspiring scientist and an expert at turning simple ingredients into original products. So when she was bullied this past school year, she turned that experience into something positive.“Two girls were bullying me, and I just decided I should make a book about bullying," said White.In March, she wrote a book called "A Slimetastic Day." It was recently published and is available on Amazon.The book is about "encouragement." When two boys call girls dumb, the girls initially become discouraged, but then the girls challenge the boys to slime making competition. The girls use their creativity and knowledge to prevail. White hopes her book inspires other children.“The book was about bullying, so if someone in your school or on the street is bullying you, you shouldn’t really care about it because you have your family, cousins, and friends that care about you," White said.White's mother Kina knew the book would be a bestseller with family and friends but said she didn't expect all the praise they've received from strangers. She hoped publishing the book would help spread the word.“I thought it was important just to make other people aware that you can turn a negative into a positive, and I know that there are many kids that are dealing with the same situation and many parents," said Kina White.The young author leaves her readers with this message, on the book's last page."From that day on, the girls knew that anything boys could do so could girls."WKBW's Gilat Melamed first reported this story. 1598

Nissan is preparing to oust its chairman, Carlos Ghosn, after announcing the discovery of "significant acts of misconduct" over many years by him and another top executive."Nissan has been providing information to the Japanese Public Prosecutors Office and has been fully cooperating with their investigation," the Japanese carmaker said in a statement. "We will continue to do so."It said an investigation found that Ghosn and another board member had been under-reporting Ghosn's compensation."Numerous other significant acts of misconduct have been uncovered, such as personal use of company assets," Nissan (NSANY) added.CEO Hiroto Saikawa will propose to Nissan's board of directors to "promptly remove Ghosn from his positions as chairman and representative director," the company said.Shares in French automaker Renault (RNSDF), of which Ghosn is CEO, plunged as much as 13% in Paris. Nissan's announcement came after the close of trading in its shares in Tokyo. 977

None of President Donald Trump's senior White House officials are black.Only a handful of his senior staff are of Latino, Asian or Arab descent, according to a CNN review of 48 senior White House officials. Instead, the President is being advised by a senior White House staff that is overwhelmingly white.The lack of diversity in Trump's West Wing comes back into focus as Trump's longtime adviser Omarosa Manigault Newman, the only African-American to serve in a senior role in Trump's White House,?re-emerged into the public arena to promote her new book. In the eight months since Manigault Newman was fired, Trump has yet to appoint a single African-American to a senior White House role as either an assistant or a deputy assistant to the President.Manigault Newman was the director of communications for the Office of Public Liaison and an assistant to the President for nearly a year until her firing last December. At the time, she was the only African-American in a senior White House role and earning the top White House staff salary of nearly 0,000."I was the only African-American at the table. If I left, which I did, when I left, there has been no new appointment of an African-American assistant to the President, which means that people are making decisions about us, without us," Manigault Newman said Sunday in an interview on NBC's "Meet the Press." 1380

NEW YORK (AP) — Facing a potentially ruinous wave of new sex-abuse lawsuits, the Boy Scouts of America is increasing its annual youth membership fee by more than 80%.The group says the move, which has dismayed many of the Scouts' adult volunteer leaders who warn the increase is prohibitively steep for some, is needed to meet rising operating costs, notably for the liability insurance that covers all official Scouting activities.For years, the BSA has been entangled in costly litigation with plaintiffs who said they were abused by scout leaders in their youth. Hundreds of lawsuits may lie ahead with the recent enactment of laws in New York, New Jersey, Arizona and California making it easier for victims of long-ago abuse to seek damages.The fee increase, disclosed to the Scouts' regional councils last week, seeks to relieve some of the financial pressure. As of Jan. 1, the annual membership fee for 2.2. million youth members will rise from to ; the fee for adults will rise from to , the Scouts said. The increases could generate more than million in additional funds in the coming year.The BSA says it's exploring "all available options" to maintain its programs and has not ruled out the possibility of declaring bankruptcy.As part of that process, the Scouts said they are consolidating their departments and recently eliminated more than 35 positions at its National Service Center.The BSA's current youth participation is down from more than 4 million in peak years of the past. It has tried to offset the decline by admitting girls, but the membership rolls will take a big hit as of Jan. 1, when the Church of Jesus Christ of Latter-day Saints — for decades a major sponsor of Boy Scout units — cuts its ties with the BSA and launches its own global youth programs.In its announcement, the BSA made no specific reference to the sex-abuse litigation but made clear the fee increase was driven by insurance costs."Unfortunately, the cost of liability insurance we must carry to cover all Scouting activities has increased dramatically over the past several months, and the organization is no longer able to offset the cost of insurance," the BSA said.In addition to insurance, the BSA said, membership fees cover other "essential services" such as background checks for adult leaders, program development and updated youth protection and safety training.The national fees do not cover costs for uniforms and handbooks, which can easily exceed 0 per year.Scores of the Scouts' volunteer adult leaders weighed in on the fee increase in comments on a blog operated by the BSA's Scouting Magazine. Several of the leaders warned that the increase would be financially burdensome for low-income families and might drive them away from scouting.The BSA insists that the scouting remains a good value, compared with many other organized youth activities."While most extracurricular activities are seasonal, Scouting is a year-round program that remains one of the most valuable investments we can make to support young men and women," the BSA announcement said.The organization says it will strive to assist families who feel they cannot afford the higher fees. It announced creation of a fund, supported through donations, to provide financial assistance.Many of the volunteer leaders commenting on the blog were upset by the timing of the announcement. It came after Scout units had already begun collecting fees for their 2020 registration renewal process and setting their budgets for the coming year."I am extremely disappointed in the handling of this increase," wrote John Guild, a Dallas attorney who has helped lead a Cub Scout pack and slammed the move for lack of transparency as well as its poor timing. Guild also questioned how effective the fee increase would be, contending that the BSA "is facing hundreds of millions of dollars is liabilities and tens of millions of dollars in legal fees."Jason Krut, who is active with a Pittsburgh-area Cub Scout pack, called the increase "unconscionable.""It reeks of incompetence and mismanagement," he wrote on the blog. "It will force children, leaders, and families away from scouting and to seek out BSA alternatives. "Brandon Boos, a leader of a Cub Scout pack in Worthington, Ohio, said the magnitude of the increase was understandable but he faulted the timing."The roll-out did not demonstrate the same high quality of character we are trying to instill in our Scouts," Boos wrote on the blog.In a subsequent email to The Associated Press, Boos said he still loves the Boy Scouts, plans to continue as a volunteer and hopes other parents do likewise.Donald Dement, a volunteer leader with his sons' Boy Scout troop in Frisco, Texas, said most of the parents would have no trouble affording the higher fees, while hard-up families would likely get assistance from their troops.Dement said some conservative families in Frisco continue to resent major changes made by the BSA in the past decade — these included opening its programs to girls, and admitting gays as scouts and adult leaders. One local troop, he said, made hats for summer camp last year emblazoned with "Make Scouting Great Again."But regarding the fee increase, he said most scouting families "will be understanding and accepting."The Boy Scouts filed lawsuits last year against six of its own insurers, saying they have improperly refused to cover some of the sex abuse liabilities incurred by the organization. The insurers say the coverage obligation is voided because the BSA failed to take effective preventive measures such as warning parents that scouts might be abused."We believe insurance companies should uphold their commitments by paying their share of claims," the BSA said in an email to The Associated Press on Thursday. "We remain in disputes with some carriers and look forward to a resolution that benefits victims and helps them on their journey towards healing." 5951