Nine West Holdings
PE-Owned1 Documented ImpactSycamore acquired Jones Group (parent of Nine West, Anne Klein) in 2014 for $2.2B. Immediately stripped valuable brands while leaving $1.6B debt on Nine West. Company sued Sycamore for fraudulent asset transfer.
Ownership Information
Nine West Holdings is owned by Sycamore Partners. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Nine West Holdings founded
Acquired by Sycamore Partners for $2.2 billion
Sycamore stripped Nine West of valuable brands, left $1.6B debt behind
Sycamore Partners acquired Jones Group for $2.2B in 2014, immediately transferred valuable brands to new entities while leaving $1.6B in debt on Nine West. The company sued Sycamore for fraudulent asset transfer before filing Chapter 11 in April 2018.
Nine West Files Bankruptcy, Sues Sycamore for Fraud
Reuters →Before vs. After PE Acquisition
Brand value
Reported 2018
Before PE
Multi-brand fashion house
After PE
Bankrupt, brands stripped
↓ 100%
Tracked Locations
AZ (1)
Phoenix
7454 Main St
Phoenix, AZ 85001
555-918-7079
MA (1)
Boston
5099 Main St
Boston, MA 02101
555-958-8149
OR (1)
Portland
3154 Main St
Portland, OR 97201
555-130-4041
PA (1)
Pittsburgh
9013 Main St
Pittsburgh, PA 15201
555-906-8900