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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) — Fans have remembered John Lennon on the 40th anniversary of the former Beatle's death with flowers, candles and songs in New York's Central Park. In the Strawberry Fields section steps from where he was shot, musicians played Tuesday. Photos of Lennon and other memorabilia ringed the inlaid "Imagine" mosaic. Lennon's wife, Yoko Ono, posted on social media an image of Lennon's bloody eyeglasses and listed the number of people she said has been killed by guns in the U.S. since his death. Living bandmates Paul McCartney and Ringo Starr both made posts with images of them in their younger days with Lennon."A sad sad day but remembering my friend John with the great joy he brought to the world. I will always be proud and happy to have known and worked with this incredible Scouser! X love Paul," McCartney tweeted. 843

NORTHRIDGE (CNS) - Officials at Cal State Northridge confirmed Sunday that the school was targeted in an attempted cyber-attack.School officials said a hacker tried placing ransomware on third-party software used by the university, and ended up grabbing some customer data, ABC7 reported.CSUN officials told the station that the unnamed third-party company paid the hacker to delete the stolen data, but can't confirm the data was released.Students were alerted to track their accounts and credit records. 513

NEW YORK (AP) — Facing a potentially ruinous wave of new sex-abuse lawsuits, the Boy Scouts of America is increasing its annual youth membership fee by more than 80%.The group says the move, which has dismayed many of the Scouts' adult volunteer leaders who warn the increase is prohibitively steep for some, is needed to meet rising operating costs, notably for the liability insurance that covers all official Scouting activities.For years, the BSA has been entangled in costly litigation with plaintiffs who said they were abused by scout leaders in their youth. Hundreds of lawsuits may lie ahead with the recent enactment of laws in New York, New Jersey, Arizona and California making it easier for victims of long-ago abuse to seek damages.The fee increase, disclosed to the Scouts' regional councils last week, seeks to relieve some of the financial pressure. As of Jan. 1, the annual membership fee for 2.2. million youth members will rise from to ; the fee for adults will rise from to , the Scouts said. The increases could generate more than million in additional funds in the coming year.The BSA says it's exploring "all available options" to maintain its programs and has not ruled out the possibility of declaring bankruptcy.As part of that process, the Scouts said they are consolidating their departments and recently eliminated more than 35 positions at its National Service Center.The BSA's current youth participation is down from more than 4 million in peak years of the past. It has tried to offset the decline by admitting girls, but the membership rolls will take a big hit as of Jan. 1, when the Church of Jesus Christ of Latter-day Saints — for decades a major sponsor of Boy Scout units — cuts its ties with the BSA and launches its own global youth programs.In its announcement, the BSA made no specific reference to the sex-abuse litigation but made clear the fee increase was driven by insurance costs."Unfortunately, the cost of liability insurance we must carry to cover all Scouting activities has increased dramatically over the past several months, and the organization is no longer able to offset the cost of insurance," the BSA said.In addition to insurance, the BSA said, membership fees cover other "essential services" such as background checks for adult leaders, program development and updated youth protection and safety training.The national fees do not cover costs for uniforms and handbooks, which can easily exceed 0 per year.Scores of the Scouts' volunteer adult leaders weighed in on the fee increase in comments on a blog operated by the BSA's Scouting Magazine. Several of the leaders warned that the increase would be financially burdensome for low-income families and might drive them away from scouting.The BSA insists that the scouting remains a good value, compared with many other organized youth activities."While most extracurricular activities are seasonal, Scouting is a year-round program that remains one of the most valuable investments we can make to support young men and women," the BSA announcement said.The organization says it will strive to assist families who feel they cannot afford the higher fees. It announced creation of a fund, supported through donations, to provide financial assistance.Many of the volunteer leaders commenting on the blog were upset by the timing of the announcement. It came after Scout units had already begun collecting fees for their 2020 registration renewal process and setting their budgets for the coming year."I am extremely disappointed in the handling of this increase," wrote John Guild, a Dallas attorney who has helped lead a Cub Scout pack and slammed the move for lack of transparency as well as its poor timing. Guild also questioned how effective the fee increase would be, contending that the BSA "is facing hundreds of millions of dollars is liabilities and tens of millions of dollars in legal fees."Jason Krut, who is active with a Pittsburgh-area Cub Scout pack, called the increase "unconscionable.""It reeks of incompetence and mismanagement," he wrote on the blog. "It will force children, leaders, and families away from scouting and to seek out BSA alternatives. "Brandon Boos, a leader of a Cub Scout pack in Worthington, Ohio, said the magnitude of the increase was understandable but he faulted the timing."The roll-out did not demonstrate the same high quality of character we are trying to instill in our Scouts," Boos wrote on the blog.In a subsequent email to The Associated Press, Boos said he still loves the Boy Scouts, plans to continue as a volunteer and hopes other parents do likewise.Donald Dement, a volunteer leader with his sons' Boy Scout troop in Frisco, Texas, said most of the parents would have no trouble affording the higher fees, while hard-up families would likely get assistance from their troops.Dement said some conservative families in Frisco continue to resent major changes made by the BSA in the past decade — these included opening its programs to girls, and admitting gays as scouts and adult leaders. One local troop, he said, made hats for summer camp last year emblazoned with "Make Scouting Great Again."But regarding the fee increase, he said most scouting families "will be understanding and accepting."The Boy Scouts filed lawsuits last year against six of its own insurers, saying they have improperly refused to cover some of the sex abuse liabilities incurred by the organization. The insurers say the coverage obligation is voided because the BSA failed to take effective preventive measures such as warning parents that scouts might be abused."We believe insurance companies should uphold their commitments by paying their share of claims," the BSA said in an email to The Associated Press on Thursday. "We remain in disputes with some carriers and look forward to a resolution that benefits victims and helps them on their journey towards healing." 5951

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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