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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
NEW YORK — The year 2020 will go down as the deadliest in U.S. history, with deaths topping 3 million for the first time.It's due mainly to the coronavirus pandemic that has already killed more than 318,000 Americans and counting.Final mortality data for this year will not be available for months. But preliminary data suggest that the nation is on track to see more than 3.2 million deaths this year, or at least 400,000 more than in 2019.The increase would be about 15%, and possibly more. As a percentage increase, that would mark the largest single-year jump since 1918.That year, The Associated Press found deaths rose 46% compared to 1917, largely due the thousands of soldiers who died in World War I and the hundreds of thousands of Americans who died during the Spanish flu pandemic. 801
NEW YORK (AP) — Long before he was a music icon in skintight jeans, leather jacket and designer stubble, George Michael was something else — awkward, chubby and insecure. He even went by the very unhip nickname Yog.A loving portrait of a young, striving Michael is offered in a new book by his closest friend and former bandmate, Andrew Ridgeley. His "Wham! George Michael & Me" is part memoir and part monument to one of the biggest pop stars of the 1980s."The point of the book was really to illustrate our friendship and how it really formed," Ridgeley told The Associated Press. "It's very difficult to put it into words or really put your finger on exactly what it was that people found so attractive about Wham! But it was a lot to do with George and me and our friendship."In the book, Ridgeley traces the rise of Wham! and key moments in the band's career, like the creation of hits like "Careless Whisper" and "Everything She Wants," their appearances at Live Aid and the time in 1985 when the band became the first Western pop group to visit China.But while this may be Ridgely's memoir, Michael looms large and the book peters out after Wham! broke up in 1986 as Michael's star soared, almost as if the most interesting thing Ridgeley has to write about is his friend, who died on Christmas Day 2016.There are fun anecdotes, such as the drunken hijinks that accompanied the video shoot for "Last Christmas," the reason why Ridgeley wasn't part of Band Aid and the note he drunkenly wrote on his parents' fridge that became the title of a Wham! hit: "Mum, wake me up up before you go go."The book also deals with more weighty subjects, like how their lives changed as tabloids stalked the pair and that during the band's life Michael realized he was gay but remained closeted. It was a business decision to stay there."He felt it would undermine us and our chances of success. And it was very important to both of us that Wham! was a success that we wished for," Ridgeley said. "It was tough for him. There's no doubt about that. And it caused him a great deal of discomfort."Ridgeley met a 13-year-old Michael — born Georgios Panayiotou to a Cypriot family — in 1975, at school in Hertfordshire, England. They quickly bonded over a shared sense of humor and music, both loving Queen, Elton John and David Bowie.The pair formed a ska-influenced quintet called The Executive and then in 1981 re-emerged as a duo, taking the name Wham! from their first completed song, "Wham Rap."Ridgeley, 56, writes that Wham! was never meant to last very long, saying the youth-driven duo was intended to "burn brightly, but briefly." Ridgeley just wanted to form a band, write music and perform. Michael soon outgrew his bandmate and their breakup was amicable. "I achieved my ambition early in life," Ridgeley said.The book charts the evolution of Michael from a frumpy, uncool kid who collected Spider-Man comics into a superstar, with detours into very tight Fila shorts and plenty of hours of hair teasing. Ridgely has a few well-intentioned cracks at Michael's early fashion mistakes and his later endless obsession with his appearance."He struggled with his looks and his weight as an adolescent," Ridgely said. "His transformation, in every sense, is quite amazing. Music and the career that he chose, allowed him to become, in some ways, the man in his mind's eye."Ridgeley said he didn't always handle the tabloid press very well, unable to shake the "Animal Andy" or "Randy Andy" labels as a hard-partying pop star. In many ways, the book is a lesson for any wannabe pop stars out there about the pitfalls ahead."If I was advising the 20-year-old Andrew Ridgeley from this perspective, I'd be telling him to do things very differently," Ridgeley said."Perhaps the biggest lesson that I would say is the one to learn is not to let fame and fortune get inside your head," he added. "Give yourself a healthy bit of distance between your fame and reality because they are two different things."Among the book's highlights are the dozens of photos included, complete with witty captions from Ridgeley. One of the duo wearing swimsuits is labeled "poseurs," another of them dancing onstage is given "prancers" and a third of them joking around gets "prats.""I had great fun doing that. I could just imagine George next to me going through those," Ridgely said. "It was important that whilst the music and the making of the music was serious business, we weren't a serious business." 4493
New York City hit a major milestone over the weekend in its fight against the coronavirus after recording its first 24-hour period without a COVID-19 death in months, Mayor Bill de Blasio said on Monday.Speaking during a coronavirus briefing Monday morning, de Blasio warned that COVID-19 is “far from beaten,” especially considering the surge in cases in many cities and states around the country.“No one can celebrate but we can at least take a moment to appreciate that everyone of you did so much to get us to this point: 24 hours when no one died, let's have many more days like that,” the mayor said. “And it’s a reminder, of course, that this disease is such a formidable foe that it’s been months and months since we’ve had a day like this.”Preliminary data from the city Health Department indicates that the period of no COVID-19 deaths was on Saturday. They said on Sunday that the data is subject to change.As of Sunday, New York City had recorded 18,670 lab-confirmed COVID-19 deaths and an additional 4,613 probable deaths related to the virus since the outbreak began in March. There have been 215,924 confirmed cases of the virus across the five boroughs.De Blasio urged New Yorkers not to let up on social distancing or following rules and restrictions related to the outbreak and the state’s phased reopening plan.The mayor also issued new guidance on wearing face coverings indoors.New Yorkers should wear a face covering when around others in an indoor setting that isn't their home, de Blasio said.This story originally reported by Lauren Cook on PIX11.com. 1585
NEW YORK CITY, NY -- New York Police Department Deputy Inspector Stewart Loo says he's going to do something about hate crimes targeting Asian Americans in the city.He says it's close to his heart."This hit home for me because I have friends, families who are legitimately afraid to go outside because they have feared for their safety.”The new task force was introduced Tuesday by Chief of Detectives Rodney Harrison."This task force has been built and will continue to build trust and understanding between the NYPD and Asian New Yorkers,” he said.The task force was put together in response to a rise in hate crime attacks on the Asian community amid the coronavirus pandemic. A result of the harsh rhetoric surrounding the virus, which is believed to have originated in Wuhan, China, before spreading around the globe.Some Asian New Yorkers bore the violent backlash of rhetoric gone wrong. There have been 21 attacks in the city since March."Asian New Yorkers were attacked on trans, buses, [in] parks, restaurants and walking in their own neighborhoods,” said Harrison. He praised the hate crimes task force for clearing about 17 arrests but admitted the reluctance on the part of some victims to follow up with the active investigations due to language barriers, cultural differences, or even fear of the police.This story was first reported by Craig Treadway at WPIX in New York. 1395