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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 — New York’s attorney general has sent a subpoena to the Trump Organization for records related to consulting fees paid to Ivanka Trump as part of an investigation into the president’s business dealings. That's according to a law enforcement official who spoke to The Associated Press Thursday on condition of anonymity. The New York Times reported that a similar subpoena was sent to President Donald Trump’s company by the Manhattan district attorney, who is conducting a parallel probe. The records requests followed recent reporting in The Times, based partly on two decades’ worth of Trump’s tax filings, that the president had reduced his company’s income tax liability over several years by deducting million in consulting fees as a business expense.Records strongly suggested, The Times reported, that 7,622 of those fees had been paid to Ivanka Trump, the president’s daughter, through a company she owned at a time when she was also a Trump Organization executive.If true, that wouldn’t necessarily pose a problem for Ivanka Trump herself, as long as she paid income tax on the consulting payments, which she reported publicly.It could, however, raise questions about whether the Trump Organization’s related tax deductions were allowable. The Internal Revenue Service has, in the past, pursued civil penalties over large consulting fee write-offs it found were made to dodge tax liability.Ivanka Trump tweeted that the subpoenas were “harassment pure and simple.” 1498

NEW YORK (AP) — Universal Music unveiled a previously unheard and unreleased song by the late Queen frontman Freddie Mercury.The record label announced the track, "Time Waits for No One," on Thursday. It was originally recorded in 1986 for the concept album of the musical "Time" with musician Dave Clark.A video to accompany the song was also released and includes unseen performance footage of Mercury. It was recorded in April 1986 at London's Dominion Theatre.Mercury died of AIDS-related pneumonia in 1991 at 45. He was the subject of the uber-successful film "Bohemian Rhapsody," which won actor Rami Malek an Academy Award.The film also won Oscars for best sound editing, best sound mixing and best film editing. 727

NEW: Supreme Court lets Trump administration end census count early. No explanation given. Sotomayor dissents.— Greg Stohr (@GregStohr) October 13, 2020 166

NEW YORK (AP) — The playwright behind such comedic hits such as "The Odd Couple" and "Plaza Suite," has died. Neil Simon was 91.According to Bill Evans, Simon's longtime friend and the Shubert Organization director of media relations, says the playwright died early Sunday of complications from pneumonia in a Manhattan hospital.Simon was the American theater's most successful and prolific playwright in the second half of the 20th century. He won three regular Tonys, plus one for special achievement, as well as a Pulitzer and the Mark Twain prize for humor.Simon's successes included "The Sunshine Boys," ''Plaza Suite" and "Sweet Charity." Many of his plays were adapted into movies and one, "The Odd Couple," became a popular TV series. 750

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