Nine West Holdings (formerly The Jones Group and Jones Apparel Group) is an American designer, marketer and wholesaler of

brand A brand is a name, term, design, symbol or any other feature that distinguishes one seller's goods or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and ...

clothing Clothing (also known as clothes, garments, dress, apparel, or attire) is any item worn on a human human body, body. Typically, clothing is made of fabrics or textiles, but over time it has included garments made from animal skin and other thin s ...

, shoes and

accessories Accessory may refer to: * Accessory (legal term), a person who assists a criminal In anatomy * Accessory bone * Accessory breast * Accessory kidney * Accessory muscle * Accessory nucleus, in anatomy, a cranial nerve nucleus * Accessory nerve ...

. In 2019, the company restructured under the new name Premier Brands Group Holdings Llc.

Operations

Nine West Holding headquarters are in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

. The company also markets directly to consumers through their chain of specialty retail and value-based stores. In addition, it markets costume jewelry under the

Givenchy Givenchy (, ) is a French luxury fashion and perfume house. It hosts the brand of haute couture and ready-to-wear clothing, accessories, perfumes and cosmetics of Parfums Givenchy. The house of Givenchy was founded in 1952 by designer Hubert d ...

brand licensed from Givenchy Corporation and footwear under the Dockers Women brand licensed from Levi Strauss & Co.

History

In 1970,

Sidney Kimmel Sidney J. Kimmel (born January 16, 1928) is an American businessman, philanthropist, and film producer. He is ranked 2141st in the ''Forbes'' list of the richest people alive in 2021. Personal life Kimmel was born into a Jewish family in Phi ...

founded and became President of the Jones Apparel Division of W.R. Grace & Co. Together with Grace accountant Gerard Rubin, Kimmel bought Grace's fashion division in 1975, incorporating it as Jones Apparel Group. Jones expanded quickly by bringing out new labels and licensing others, such as

Christian Dior Christian Ernest Dior (; 21 January 1905 – 24 October 1957) was a French fashion designer and founder of one of the world's top fashion houses, Dior, Christian Dior SE. His fashion house is known all around the world, having gained promi ...

.In the early 1980s, Jones Apparel offered the sweatsuit fashions of Norma Kamali, and in 1984 they acquired the license for the Gloria Vanderbilt line from Murjani. In the early 1990s, the company expanded with new lines Rena Rowan and Jones & Co. In 2004, the company purchased luxury department store chain

Barneys New York Barneys New York is an American brand founded in 1923 by Barney Pressman that operated full-line department stores from 1923 until 2020. Authentic Brands Group acquired Barneys' intellectual property in 2019, and has licensed the brand to Saks F ...

for $400 million, and sold it, in September 2007, to Dubai-based investment firm Istithmar for $942.3 million. In December 2013,

Sycamore Partners Sycamore Partners is an American private equity firm based in New York specializing in retail and consumer investments. The firm has approximately $10 billion in aggregate committed capital. History Founding Sycamore Partners was founded in 2 ...

, which is managed by Stefan L. Kaluzny, purchased the Jones Group for about

US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

2.2 billion. Wesley Card is the CEO of The Jones Group. In 2014, Sycamore split Jones into six different companies: Nine West Group, One Jeanswear Group, Jones New York, the Kasper Group, Stuart Weitzman and Kurt Geiger. The Jones Group was renamed Nine West Holdings and became parent to Nine West Group and One Jeanswear Group. Later in 2014, Anne Klein, Easy Spirit and NW Jewelry Group were split into separate operating companies of Nine West. In 2014, Brian Atwood was sold to

Steve Madden Steven Madden (born March 23, 1958) is an American fashion designer and businessman. He is the founder and former chief executive officer of Steve Madden, Ltd., a publicly traded company. He was forced to resign as an executive following his ...

. In 2015,

Stuart Weitzman Stuart A. Weitzman (born July 1941) is an American shoe designer, philatelist, and founder of the shoe company Stuart Weitzman. Weitzman has designed footwear for Beyoncé and Taylor Swift. Career In the late 1950s, Weitzman's father, Seymour ...

was sold to

Coach Coach may refer to: Guidance/instruction * Coach (sport), a director of Athletes' training and activities * Coaching, the practice of guiding an individual through a process ** Acting coach, a teacher who trains performers Transportation * Coac ...

and Jones New York was sold to

Authentic Brands Group Authentic Brands Group LLC (ABG) is an American brand management company headquartered in New York City. Its holdings include various apparel, athletics, and entertainment brands, which it partners with other companies to license and merchandise. ...

. In December 2016, Easy Spirit was sold to Marc Fisher Footwear. The Kasper Group was then purchased and incorporated under the parent company Nine West Holdings in January 2017. In January 2017, the company appointed Joel Oblonsky as the

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of the company.

Bankruptcy

Nine West Holdings filed for

chapter 11 bankruptcy Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, w ...

in April 2018. In July 2018, the namesake Nine West brand, as well as the Bandolino shoe brand, were sold to

. Bondholders have accused

, the

private equity firm A private equity firm or private equity company (often described as a financial sponsor) is an investment management company that provides financial backing and makes investments in the private equity of a Startup company, startup or of an existin ...

that purchased Nine West Holdings in 2014, of carving out valuable company assets to sell to itself, thus ensuring a profit for the fund even as the company itself headed toward bankruptcy, and argue that the company could be hurt if Sycamore-owned department store chain

Belk Belk, Inc. is an American department store chain founded in 1888 by William Henry Belk in Monroe, North Carolina, with nearly 300 locations in 16 states. Belk stores and Belk.com offer apparel, shoes, accessories, cosmetics, home furnishings, a ...

threatens to refuse to buy from the company if the bankruptcy settlement isn't approved. The company emerged from bankruptcy in March 2019 and renamed itself Premier Brands Group. Divisions include One Jeanswear Group, The Jewelry Group, Kasper Group and Anne Klein.

Brands

Nine West Holdings' brands include: * Anne Klein * Bandolino (sold to Authentic Brands Group in 2018) * Nine West (sold to Authentic Brands Group in 2018) **Enzo Angiolini **Circa Joan & David *The Jewelry Group (Formerly NW Jewelry) **

Jewelry **Judith Jack ** Napier *ONE Jeanswear Group **Energie **Gloria Vanderbilt **GLO Jeans **Jessica Simpson Jeanswear ** l.e.i. **Bandolino *The Kasper Group **Albert Nipon **Anne Klein **Evan Picone **Kasper **Le Suit **Nine West **Martha Stewart *Daisy Fuentes *Skinny Girl

References

External links

* Former official websites ** ** {{webarchive, url=https://web.archive.org/web/20140208004524/http://www.jonesgroupinc.com/ , title=The Jones Group Clothing companies of the United States Clothing companies based in New York City Holding companies based in New York City American companies established in 1970 Clothing companies established in 1970 Conglomerate companies established in 1970 Holding companies established in 1970 1970 establishments in New York (state) Companies formerly listed on the New York Stock Exchange 2013 mergers and acquisitions Companies that filed for Chapter 11 bankruptcy in 2018