Bankruptcy / Closurehigh2018
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Nine West Holdings
Apparel & Fashion ยท owned by Sycamore Partners
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.
Brand value
Before
Multi-brand fashion house
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After
Bankrupt, brands stripped
Change
-100%
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