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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) — 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.“As we strive to advance our institution’s, our City’s, and our country’s passionate quest for racial justice, we believe that removing the Statue will be a symbol of progress and of our commitment to build and sustain an inclusive and equitable Museum community and broader society,” said Flutter in a statement. 1072

NEW YORK (AP) — Video app TikTok said it would wage a legal fight against the Trump Administration's efforts to ban the popular, Chinese-owned service over national-security concerns.TikTok, which is owned by China's ByteDance, insisted that it is not a national-security threat and that the government is acting without evidence or due process.On Monday, the company said it would file suit against the government later Monday in federal court in California."Now is the time for us to act," the company said in a press release. "We do not take suing the government lightly; however, we feel we have no choice but to take action to protect our rights and the rights of our community and employees."A copy of the complaint could not be immediately obtained.President Donald Trump issued an executive order in August that imposed a sweeping but unspecified ban on any "transaction" with ByteDance, to take effect in mid-September.In recent weeks, the Chinese-owned app was in talks with Microsoft to purchase them, but with the lawsuit, TikTok switched gears is now going on the offensive. 1095

NEW YORK (AP) — New York’s Democratic attorney general asked a court to enforce subpoenas into an investigation into whether President Donald Trump and his businesses inflated assets on financial statements.Attorney General Letitia James filed a petition Monday in state trial court in New York City naming the Trump Organization, an umbrella group for the Republican president’s holdings. It also included other business entities.The filing also named Eric Trump and Seven Springs, a New York estate owned by the Trump family.“I took action to force the Trump Organization, and specifically EVP Eric Trump, to comply with my office’s ongoing investigation into its financial dealings,” wrote James on Twitter on Monday. “For months, the Trump Organization has failed to fully comply with our subpoenas in this investigation.”The attorney general’s office is investigating whether the Trump Organization and the president improperly inflated the value of assets to secure loans and obtain economic and tax benefits.James says their investigation began after Michael Cohen, the president’s former lawyer, testified before Congress that Trump’s annual financial statements inflated the values of his assets to obtain favorable terms for loans and insurance coverage, while also deflating the value of other assets to reduce real estate taxes.“We are seeking thousands of documents and testimony from multiple witnesses regarding several Trump Organization properties and transactions, including from Eric Trump, who was intimately involved in one or more transactions under review,” wrote James. 1601

NEW YORK CITY — An ailing swan in Queens was able to get help thanks to a trained wildlife rescuer and the New York City subway.Ariel Cordova-Rojas was on a bike ride around Jamaica Bay last Thursday when she noticed a swan sitting apart from others along the shore."It seemed odd, but swans can be solitary," Cordova-Rojas said. "As I got closer, she stayed stationary. They're usually aggressive and territorial, you can't get close without them trying to attack, and I knew something was wrong."She estimates she carried the 17-pound bird about a mile to the ranger station. Two Good Samaritans helped give her a lift to the subway station at Howard Beach, which she rode about 10 stops to Nostrand Ave;.Cordova-Rojas has worked at the Wild Bird Fund on Columbus Ave. in the Upper West Side of Manhattan, and knew they could care for the swan there. More of her friends helped complete the trip by car.Once arriving at the Wild Bird Fund, researchers diagnosed her with lead poisoning. They hope to return her to Jamaica Bay soon.Because she found the swan in Jamaica Bay, Cordova-Rojas has taken to calling her "Bae."Wild Bird Fund Director Rita McMahon said it has been a busy year, even with the pandemic."We have more birds than last year," she said.This story was originally published by Greg Mocker on WPIX in New York City. 1341

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