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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 (AP) — Apple Music is launching several new radio shows hosted by A-list musical acts, including Snoop Dogg, Shania Twain, and Carrie Underwood. The streaming service announced that it would debut two new radio stations Tuesday: Apple Music Hits focused on popular songs of the '80s, '90s, and 2000s, as well as Apple Music Country, dedicated to the country music genre. “For the past five years, if ever there was a meaningful moment in music culture, Beats 1 was there bringing human curation to the forefront and drawing in listeners with exclusive shows from some of the most innovative, respected, and beloved people in music,” said Oliver Schusser, vice president of Apple Music, Beats, and International Content in a news release. “Now, Apple Music radio provides an unparalleled global platform for artists across all genres to talk about, create, and share music with their fans, and this is just the beginning. We will continue to invest in live radio and create opportunities for listeners around the world to connect with the music they love.”Both channels will have daily on-air hosts but will also include several shows hosted by well-known musicians. Apple Music Hits will include shows hosted by Snoop Dogg, Twain, Alanis Morissette, Backstreet Boys, Meghan Trainor, and Ciara. Underwood, Luke Combs, Florida Georgia Line, Luke Bryan, and Kelsea Ballerini will debut shows on Apple Music Country.The company also announced in the press release they were renaming its Beats 1 radio station to Apple Music 1. Apple Music 1 will feature news shows hosted by Lady Gaga, Travis Scott, Nile Rodgers, and other artists. 1645
NEW DELHI (AP) — India has registered 78,761 new coronavirus cases, the biggest single-day spike in the world since the pandemic began, just as the government began easing restrictions to help the battered economy. The Health Ministry on Sunday also reported 948 deaths in the past 24 hours, taking total fatalities to 63,498. India has now reported more than 75,000 infections for four straight days. Sunday’s surge has raised the country’s total virus tally to over 3.5 million and comes at a time when India is reopening its subway networks and allowing sports and religious events in a limited manner from next month as part of efforts to revive the economy. 670
NOBLESVILLE, Ind. — The family of a girl who was wounded in the shooting at Noblesville West Middle School on Friday morning is thanking well-wishers for their prayers.In a statement, the Whistler family said their daughter, Ella, is doing well at Riley Hospital for Children and she is stable.Ella's family went on to say, "We'd like to thank everyone across the country who prayed for our family today. We've felt those prayers and appreciate each of them. We'd also like to thank the first responders, Noblesville police, Indiana State Police and the medical staff and surgeons at Riley."The statement goes on to ask for privacy for her family as Ella recovers.Here is the entire statement: 721
NEW YORK — The American Museum of Natural History is removing a statue of Theodore Roosevelt on horseback with a Native American man and an African man on his sides after objections that it symbolizes colonial expansion and racial discrimination. Mayor Bill de Blasio said Sunday the city supports removal of the statue because it depicts Black and Indigenous people as subjugated and racially inferior. The statue at the museum's Central Park West entrance depicts Roosevelt on the horse with the Native American man and the African man standing on either side. The museum’s president, Ellen Futter, tells the New York Times the decision to remove the bronze statue comes amid the movement for racial justice following the killing of George Floyd. 756
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