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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) — Justin Bieber is hoping the coronavirus pandemic is over by next summer.New dates have been announced for his previously scheduled 2020 tour, which will now take place in 2021. Tickets for his original 2020 tour will be honored on the new dates.The Justin Bieber World Tour was originally planned to begin in May but was postponed because of the coronavirus pandemic. AEG Presents says the 45-date tour will kick off on June 2, 2021, in San Diego. Nineteen new dates have been added to the tour, and the original stops have been rerouted, according to AEG. Kehlani and Jaden Smith were originally also participating in the 2020 tour. AEG Presents says they "will not be appearing on the new dates as new support will be added at a later date."Tickets for the general public go on sale Aug. 6. 816
NEW YORK -- Is it Girl Scout cookie season yet? A new, gluten-free offering with limited availability in select areas will be joining the cookie lineup next year: Caramel Chocolate Chip."The new Caramel Chocolate Chip cookie features rich caramel, semi-sweet chocolate chips, and a hint of sea salt in a chewy cookie," a news release says.Along with the returning gluten-free Toffee-tastic cookie, Girl Scouts says "consumers in all markets will be able to enjoy a gluten-free offering."Scouts across the country will offer customers one of the two specialty gluten-free cookies, the organization says.Not all cookies are available in all areas, so be sure to reach out to your local council to ask what they're selling. You can find your local council here. 771
New Orleans city officials have set a tentative date to remove the bodies of two workers that have been trapped inside a partially-collapsed construction site since October.The efforts to recover the bodies of the workers trapped in the collapsed Hard Rock Hotel construction site could begin as early as July 13, according to NOLA.com.A spokesman for the city said in a press briefing on Tuesday that crews have finished taking down three buildings that surround the hotel and are currently assembling cranes to work on the building itself.Crews could begin working on the hotel by Monday, and officials say it could take four to five days before rescuers can remove the remains of the two workers.The two workers were killed in a partial collapse of the Hard Rock Hotel construction site in downtown New Orleans on Oct. 12. Recovery efforts have been hampered by fears that further disrupting the structure could cause more injury or damage.This story was originally published by KATC in Lafayette, Louisiana. 1019
Nearly two weeks after a 19-year-old with mental health issues used an AR-15 style rifle to slaughter 17 students and teachers at a high school in Parkland, Florida, state lawmakers are considering several bills on gun safety, access to assault rifles, mental health and school safety. 299