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Пол: женский
Возраст: 67
Город: Березино
Страна: Беларусь


НАВЕРХ

Nine West Yuxi Brand Turned out Finally Auction Result

 

On Sunday, the American brand management company Authentic Brands Group LLC ("ABG") was auctioned off in the bankruptcy of Nine West Holdings Inc. ("Nine West Group"), the parent company of the well-known US footwear brand Nine West. China acquired its two major brands, Nine West and Bandolino, with a bid price of 340 million U.S. dollars in cash and additional conditions. The transaction is expected to be completed by July 15, 2018.
According to sources, ABG won the bid with DSW Inc., a Nine West shoe retailer, with an initial offer of US$200 million. The proceeds will be used to repay Coupons for Shoes the Nine West Group’s debt of approximately $1.5 billion.
As part of the transaction, ABG will assume all licensing cooperation and marketing initiatives for the Nine West and Bandolino brands. ABG has appointed Marc Fisher Footwear, the footwear distributor, to operate the footwear business and handbags dealer, Signal Products, to operate the handbag business.
Marc Fisher, founder and CEO of Marc Fisher Footwear, said: “We are pleased to expand our relationship with ABG and help Nine West and Bandolino achieve global success. Because my father is Nine West and Bandolino. Co-founder, most of my shoe career is working for these two brands. I am very happy to have the opportunity to revive the status of these two brands in the market.”
The Nine West brand was founded in Banggood Coupons 1969 by designer Vince Camuto. Marc Fisher's father, Jerome Fisher, joined in 1977. In 1978, Camuto and Fisher founded the Nine West Group and went public in 1993. In 1999, it was 9 Billion dollars was sold to the Jones Apparel Group.
Nine West once dominated the U.S. women’s shoe market. A report in the “New York Times” in 1997 stated that American women have one pair of shoes from Nine West for every five pairs of shoes.
Ralph Schipani, CEO of Nine West Group stated, “We are pleased to have completed the important steps in this restructuring. Now our focus is on promoting the restructuring of the remaining businesses with the support of key stakeholders.”
Jamie Salter, Chairman and CEO of ABG's Board of Directors, said: “The addition of these two brands enhances ABG’s growing lifestyle brand portfolio and we have launched our own global footwear platform. We have seen the expansion of the brand into footwear and Opportunities beyond handbags, especially apparel and home furnishings, and new global markets."
Nick Woodhouse, president and chief marketing officer of ABG, said: "This acquisition will increase the global sales of ABG's footwear and accessories business to more than $2 billion and bring the total sales of our portfolio to nearly $8 billion. turn off."
In April of this year, the Nine West Group announced the submission of a bankruptcy protection application (Chapter 11) to a local court in Manhattan, New York. In addition to the Nine West Group itself, its 10 subsidiaries also filed for bankruptcy protection, including American womenswear distributors: Kasper Group and One Jeanswear Group (including Gloria Vanderbilt and Jessica Simpson brands under One Jeanswear Group), in addition to Nine West. And women's denim brand under Bandolino.
The Nine West Group stated that it filed for bankruptcy Dacoz Coupons protection to promote sales of Nine West and Bandolino footwear and handbags business, and adjusted its capital structure around its profitable and growing businesses, including: One Jeanswear Group, The Jewelry Group Kasper Group and Anne Klein.
13 июня 2018 14:50

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