Nine West Holdings (formerly The Jones Group and Jones Apparel Group) is an American designer, marketer and wholesaler of

brand A brand is a name, term, design, symbol or any other feature that distinguishes one seller's good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create ...

clothing Clothing (also known as clothes, apparel, and attire) are items worn on the body. Typically, clothing is made of fabrics or textiles, but over time it has included garments made from animal skin and other thin sheets of materials and natural ...

, shoes and

accessories Accessory may refer to: * Accessory (legal term), a person who assists a criminal In anatomy * Accessory bone * Accessory muscle * Accessory nucleus, in anatomy, a cranial nerve nucleus * Accessory nerve In arts and entertainment * Accessory ...

. In 2019, the company restructured under and is renamed Premier Brands Group Holdings Llc.

Operations

History

In December 2013,

Sycamore Partners Sycamore Partners is a private equity firm based in New York specializing in retail and consumer investments. The firm has approximately $10 billion in aggregate committed capital. History Founding Sycamore Partners was founded in 2011 by Stefa ...

, which is managed by Stefan L. Kaluzny, purchased the Jones Group for about

US$ The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

2.2 billion. Wesley Card is the CEO of The Jones Group. In 2014, Sycamore split Jones into six different companies: Nine West Group, One Jeanswear Group, Jones New York, the Kasper Group, Stuart Weitzman and Kurt Geiger. The Jones Group was renamed Nine West Holdings and became parent to Nine West Group and One Jeanswear Group. Later in 2014, Anne Klein, Easy Spirit and NW Jewelry Group were split into separate operating companies of Nine West. In 2014, Brian Atwood was sold to

Steve Madden Steven Madden (born March 23, 1958) is an American fashion designer and businessman. He is the founder and former CEO of Steve Madden, Ltd., a publicly traded company. Life and career Madden was born in Far Rockaway, Queens, the son of a Jewi ...

. In 2015, Stuart Weitzman was sold to

Coach Coach may refer to: Guidance/instruction * Coach (sport), a director of athletes' training and activities * Coaching, the practice of guiding an individual through a process ** Acting coach, a teacher who trains performers Transportation * Co ...

and Jones New York was sold to

Authentic Brands Group Authentic Brands Group LLC (ABG) is an American brand management company headquartered in New York City. Its holdings include various apparel, athletics, and entertainment brands, for which it partners with other companies to license and merchand ...

. In December 2016, Easy Spirit was sold to Marc Fisher Footwear. The Kasper Group was then purchased and incorporated under the parent company Nine West Holdings in January 2017. In January 2017, the company appointed Joel Oblonsky as the CEO of the company.

Bankruptcy

Nine West Holdings filed for chapter 11 bankruptcy in April 2018. In July 2018, the namesake Nine West brand, as well as the Bandolino shoe brand, were sold to

. Bondholders have accused

, the

private equity firm A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including lev ...

that purchased Nine West Holdings in 2014, of carving out valuable company assets to sell to itself, thus ensuring a profit for the fund even as the company itself headed toward bankruptcy, and argue that the company could be hurt if Sycamore-owned department store chain

Belk Belk, Inc. is an American department store chain founded in 1888 by William Henry Belk in Monroe, North Carolina, with nearly 300 locations in 16 states. Belk stores and Belk.com offer apparel, shoes, accessories, cosmetics, home furnishings, a ...

threatens to refuse to buy from the company if the bankruptcy settlement isn't approved. The company emerged from bankruptcy in March 2019 and renamed itself Premier Brands Group. Divisions include One Jeanswear Group, The Jewelry Group, Kasper Group and Anne Klein.

Brands

Nine West Holdings' brands include: * Anne Klein * Bandolino (sold to Authentic Brands Group in 2018) * Nine West (sold to Authentic Brands Group in 2018) **Enzo Angiolini **Circa Joan & David *The Jewelry Group (Formerly NW Jewelry) **

Givenchy Givenchy (, ) is a French luxury fashion and perfume house. It hosts the brand of haute couture and ready-to-wear clothing, accessories, perfumes and cosmetics of Parfums Givenchy. The house of Givenchy was founded in 1952 by designer Hubert de ...

Jewelry **Judith Jack ** Napier *ONE Jeanswear Group **Energie **Gloria Vanderbilt **GLO Jeans **Jessica Simpson Jeanswear ** l.e.i. **Bandolino *The Kasper Group **Albert Nipon **Anne Klein **Evan Picone **Kasper **Le Suit **Nine West **Martha Stewart *Daisy Fuentes *Skinny Girl

References

External links

* Former official websites ** ** {{webarchive, url=https://web.archive.org/web/20140208004524/http://www.jonesgroupinc.com/ , title=The Jones Group Clothing companies of the United States Clothing companies based in New York City Holding companies based in New York City American companies established in 1970 Clothing companies established in 1970 Conglomerate companies established in 1970 Holding companies established in 1970 1970 establishments in New York (state) Companies formerly listed on the New York Stock Exchange 2013 mergers and acquisitions Companies that filed for Chapter 11 bankruptcy in 2018