Nine West Will Be Reborn Soon After The Death Of $1 Billion.

On Wednesday, it said

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In November 7th, the bankruptcy court will consider the application, and it is expected to be approved, and Jiu Xi holdings, which sells core brands Nine West and Bandolino, will be reborn in court bankruptcy auctions.

In addition to reducing debt applications,

On Wednesday, it also said that the company received an order from Belk, Inc. (BLKIA.OTCBB), which was once the largest private family holding department store in the United States. In August 2015, the private equity fund Sycamore Partners, New York based private equity fund, invested $68 A share for a total paction price of $3 billion, and announced the purchase of Belk, Inc..

In June, ABG bought $340 million.

The two brands, which are more than $140 million above the base price set by the company when they filed for bankruptcy, also beat the US brand in the auction from Friday to Sunday night.

Discount retailer DSW Inc. (NYSE:DSW).

After failing to pay an interest on schedule in March of this year, Jiu Xi holdings filed bankruptcy protection in April 6th according to the eleventh chapter of the bankruptcy law of the United States, and filed for bankruptcy protection in the bankruptcy court of Manhattan. All the 75 stores in Nine and West were located in the United States and Canada, and this was the biggest impact on the Simon real estate group of Simon Property Group Inc. (NYSE:SPG), which has 35 Nine West stores in its shopping mall.

The exchange of Nine West and Bandolino will be used to alleviate the debt of Jiu Xi holdings of about $1 billion 500 million, which is equivalent to its revenue in 2017. At the same time, the group will focus on Anne Klein, The Kasper Group, Jewelry Group and One One after several years of bankruptcy protection in September this year.

Ralph Schipani, the chief executive of Jiu Xi holdings, said, "I am very pleased to complete this critical step in the restructuring process. Now we will focus on continuing to restructure the remaining businesses with the support of major shareholders."