- The company said the move would help facilitate the sale of its Nine West and Bandolino businesses.
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Nine West files for bankruptcy
The company said the move would help facilitate the sale of its Nine West and Bandolino businesses.
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Nine West Holdings filed for bankruptcy on Friday.
The women's clothing and footwear company
"This is the right step to address our two divergent business profiles," Nine West Holdings' CEO, , said in a statement. "Once we complete the reorganization process, our company will have meaningfully reduced debt and interest costs and be well positioned for the future.
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"At the same time, we are initiating a process to sell our Nine West and Bandolino footwear and handbag business and have a purchase commitment from a dedicated owner with the resources and know-how to support these businesses for long-term success," he added.
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