National

Nine West Sold To American Owner Of Brand; New Subsidiary To Run Business

Darpan News Desk The Canadian Press, 25 Aug, 2015 12:22 PM

TORONTO — Nine West's Canadian shoe stores will remain open after the brand's American owners reached a deal to buy the business from Toronto-based operator Sherson Group, which had licensed the name.

New York-based Nine West Holdings said Monday that it has created a new subsidiary to run the Canadian business, which includes the Nine West, Easy Spirit and Anne Klein brands.

The company said it will take over the Sherson Group's 45 stores and keep the majority of its existing 549 employees.

Sherson Group entered bankruptcy protection in July, with filings showing finances at the Canadian company were so tight it couldn't afford to purchase enough footwear to stock its stores for the fall season.

Financial terms for the deal were not disclosed.

Prev Next

MORE National ARTICLES

Christian Law School Fights B.C. Law Society's Refusal To Call Grads To The Bar

The society accredited the proposed law school in April 2014, but reversed that decision last October after a vote by its members.

Christian Law School Fights B.C. Law Society's Refusal To Call Grads To The Bar

Bank Of Canada Deputy Says House Prices Have Increased Debt, But Risks Well Managed

In a speech in Kingston, Ont., deputy governor Lawrence Schembri said Tuesday that the strength in the housing market has increased household imbalances.

Bank Of Canada Deputy Says House Prices Have Increased Debt, But Risks Well Managed

New Offence Prompts One Day In Jail For Man Who Dragged Victim To Death In 2005

The father of a man killed 10 years ago in a horrifying gas-and-dash in Metro Vancouver is furious about the latest sentence handed to his son's killer.

New Offence Prompts One Day In Jail For Man Who Dragged Victim To Death In 2005

North American Stock Markets Rebound In Early Trading After Global Tumult

The Toronto Stock Exchange's main index rebounded Tuesday morning, making up much of the 420-point drubbing it got in the previous day's tumult as traders adjusted to persistent concerns about the strength of China's economy.

North American Stock Markets Rebound In Early Trading After Global Tumult

Heavy Wildfire Smoke From U.S. Has Small Upside For Firefighters In B.C.

Smoke from wildfires burning in Washington state has caused visibility and air quality problems in British Columbia, but it's also helping to keep the province's own fires in check.

Heavy Wildfire Smoke From U.S. Has Small Upside For Firefighters In B.C.

Amid Swooning Markets, Leaders Battle Over Who's Best Suited To Manage Economy

Stephen Harper was asked about the previous day's phone conversation with the governor of the Bank of Canada, which was publicized by the Prime Minister's Office on a day of widespread market anxiety.