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%

Sources

Nine West Files Bankruptcy, Sues Sycamore for Fraud

Reuters

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