Close X
Monday, November 11, 2024
ADVT 
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.

    MORE National ARTICLES

    SPCA Seizes Dogs, Cats, Horses Deprived Of Food On Surrey Property

    SPCA Seizes Dogs, Cats, Horses Deprived Of Food On Surrey Property
    Special constables with B.C.'s SPCA are alleging a mass case of animal neglect and have removed 57 animals from a Surrey, B.C., property.

    SPCA Seizes Dogs, Cats, Horses Deprived Of Food On Surrey Property

    Toronto, Regina And Winnipeg At High Risk Of Housing Market Correction: CMHC

    Toronto, Regina And Winnipeg At High Risk Of Housing Market Correction: CMHC
    The CMHC report says a rapid increase in home prices this year and overvaluation are responsible for the high level of risk in Toronto.

    Toronto, Regina And Winnipeg At High Risk Of Housing Market Correction: CMHC

    Rail Versus Pipe: New Fraser Institute Report Says Pipelines Safer Than Rail

    Rail Versus Pipe: New Fraser Institute Report Says Pipelines Safer Than Rail
    CALGARY — TransCanada (TSX:TRP) is pointing to a new study on how pipeline safety stacks up against rail to show why two of its controversial projects should be built.

    Rail Versus Pipe: New Fraser Institute Report Says Pipelines Safer Than Rail

    O.P. Munjal, Father Of Indian Cycle Industry, Passes Away

    O.P. Munjal, Father Of Indian Cycle Industry, Passes Away
    The 86-year-old Munjal was admitted to the Hero Heart Institute at the Dayanand Medical College and Hospital where he passed away.

    O.P. Munjal, Father Of Indian Cycle Industry, Passes Away

    Suspect In Custody After Man With Serious Injuries Dies In Courtenay, B.C.

    Suspect In Custody After Man With Serious Injuries Dies In Courtenay, B.C.
    COMOX VALLEY, B.C. — A suspect has been arrested in the in the death of a 23-year-old man in Courtenay, B.C.

    Suspect In Custody After Man With Serious Injuries Dies In Courtenay, B.C.

    Mom In Child Sex-abuse Case Doesn't Want Private Information Shared

    Mom In Child Sex-abuse Case Doesn't Want Private Information Shared
    British Columbia's privacy commissioner is looking into whether personal information about a family involved in a child sexual abuse case has been shared.

    Mom In Child Sex-abuse Case Doesn't Want Private Information Shared