Nine West
Nine West has accrued debt worth $1.5 billion but is now negotiating and restructuring it. It has sold parts of the empire and filed for bankruptcy. It has stopped operations in nearly all its Easy Spirit stores save for 25. It now plans to focus more on clothing and jewelry and its other brands like Anne Klein, One Jeanswear Group, and Kasper Grouper because the demand for footwear continues to go down.
Nine West
David’s Bridal
These days, fewer women are interested in pricy weddings and dresses. That might be the reason behind the downfall of David’s Bridal. The company has a $520 million loan to pay off in 2019 and $270 million more next year. Scott KEY, the new CEO, is looking for ways to refinance these debts since the sales and profits have been going down. On top of that, S&P Global lowered its credit rating in June 2018.
David’s Bridal
