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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, N.Y. - There is no secret ingredient at Enoteca Maria on Hyatt Street in Staten Island.But someone special is always in the kitchen. The restaurant closed its dining room with the rest of the city in mid-March.It seats about three dozen people in the St. George section of Staten Island. Since opening in 2007, it has featured a rotating special menu prepared by the women along with an Italian menu.It’s known as the Nonna Project, which is Italian for “grandma.”To create a revenue stream and protect the health of the grandmothers and staff, they have not reopened.The women head to the kitchen one at a time to make batches of sauce to sell on the restaurant website.Rosa Correa will share her recipe for her delicious sauce from Peru. Don’t forget the chilies.“Amarillo, onions, garlic, that’s it,” she said.Maral Tseylikman is from Azerbaijan. She says she misses the customers.“I do for you the best I can and you will enjoy,” she said.Owner Joe Scaravella hasn’t planned for a reopening yet. He says orders routinely sell out and a family connection is more important than ever.“Now we are most stressed out and it’s comforting to me,” he said.Scaravella thanks Citibank for a grant which has helped cover expenses.This story was first reported by Greg Mocker at WPIX in New York, New York. 1316
NEW YORK — A Manhattan prosecutor trying to get President Donald Trump’s tax returns told a judge that he was justified in demanding them, citing public reports of “extensive and protracted criminal conduct at the Trump Organization.” Trump’s lawyers last month said the grand jury subpoena for the tax returns was issued in bad faith and amounted to harassment of the president. Manhattan District Attorney District Attorney Cyrus R. Vance, Jr., is seeking eight years of the Republican president’s personal and corporate tax records, but has disclosed little about what prompted him to request the records, other than part of the investigation is related to payoffs made to women to keep them quiet about alleged affairs with Trump. 742
NEW YORK — New York Gov. Andrew Cuomo is planning to publish a book about the coronavirus pandemic this October, according to a publisher.According to Crown, which is part of the Random House Publishing Group, American Crisis is a behind-the-scenes account of Cuomo's experience as New York's governor during the pandemic."American Crisis is an important chronicle of this unprecedented moment in history, an urgent assessment of the factors that have and continue to impede our national response to a devastating health catastrophe, and a powerful testament to true leadership in times of extreme crisis," Crown Publishing said in a statement.The book will be released on Oct. 13.This story was originally published by Paul Ross on WKBW in Buffalo. 757
NORTH FORT MYERS, Fla. -- Orlando Ortega posted a Facebook video of his now-former co-worker, Eileen Marcinkowski, calling him the N-word Sunday. The video has more than 150,000 views.But the owner of the restaurant where the incident took place said the video doesn't tell the whole story. “The lady in the video he actually did hit. She had blood on her face, she was bleeding," said Jane Thursfield, owner of Cactus Jack. Thursfield said Ortega provoked the fight when he punched Marcinkowski in the face after he was let go by the restaurant. Scripps station WFTX in Fort Myers could see no evidence of blood on Marcinkowski's face in the Facebook video. The owner said even if Marcinkowski was provoked, the racial comments were not OK. “No, no, of course not," Thursfield said. "No, we don’t condone that at all.”Other customers, like Johnny Samz, who said he regularly eats at Cactus Jack, agreed. “I don’t think it’s ever good, for anybody to use the N-word," said Samz. "I don’t care what the circumstances are.” WFTX's Jasmine Minor asked since Ortego no longer worked at the restaurant, if Marcinkowski would face the same fate. “She is still working here, yeah," said Thursfield. "I have not been here long and she’s working, but we will obviously address that.” The owner said the incident took place "off-the-clock" and "off business property." She still plans on addressing the issue with her entire staff. Ortega conducted a Facebook live, Sunday night, where he said he "absolutely did not provoke anything" and said he plans on filing a discriminatory lawsuit. 1752