Close X
Monday, December 2, 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

    Surrey Youth Soccer Club Suspended Over Allegations Of Financial Irregularities

    Surrey Youth Soccer Club Suspended Over Allegations Of Financial Irregularities
    Outgoing club head Garry Sangha says the move boils down to other clubs vying for access to the area's up-and-coming players and their registration dollars.

    Surrey Youth Soccer Club Suspended Over Allegations Of Financial Irregularities

    Police Say Suspects May Have Been Burned While Setting Surrey House On Fire

    Police Say Suspects May Have Been Burned While Setting Surrey House On Fire
    Police believe there's a connection between a house fire and a vehicle blaze half a block away in a Surrey, B.C., neighbourhood

    Police Say Suspects May Have Been Burned While Setting Surrey House On Fire

    Lilly Singh AKA Superwoman Nominated For 2015 Teen Choice Awards

    Lilly Singh AKA Superwoman Nominated For 2015 Teen Choice Awards
    Indian-Canadian comedienne Lilly Singh has earned a nomination in the "2015 Teen Choice Awards" to be held in Los Angeles on August 16, a media report said.

    Lilly Singh AKA Superwoman Nominated For 2015 Teen Choice Awards

    Sascha Hedrich Identified As A Man Killed In Highway 1 Tour Bus Collision

    Sascha Hedrich Identified As A Man Killed In Highway 1 Tour Bus Collision
    CHASE, B.C. — British Columbia's coroners service has identified the man who died in last week's collision involving a tour bus on a notorious section of the Trans-Canada Highway.

    Sascha Hedrich Identified As A Man Killed In Highway 1 Tour Bus Collision

    Vancouver Police Officer Ismail Bhabha Found Guilty Of Assault To Be Sentenced In November

    Vancouver Police Officer Ismail Bhabha Found Guilty Of Assault To Be Sentenced In November
    Const. Ismail Bhabha's actions were captured on video that surfaced on the Internet.

    Vancouver Police Officer Ismail Bhabha Found Guilty Of Assault To Be Sentenced In November

    Most Wildfires Human-caused Across British Columbia: Forests Minister Steve Thomson

    Most Wildfires Human-caused Across British Columbia: Forests Minister Steve Thomson
    KAMLOOPS, B.C. — A spike in human-caused wildfires across British Columbia has the forests minister calling for more vigilance from the public.

    Most Wildfires Human-caused Across British Columbia: Forests Minister Steve Thomson