$1.6 Billion in Debt Buries Nine West

Another weekend, another major retail bankruptcy. This time it was privately held Nine West Holdings Inc., a women`s shoe and apparel wholesaler, which filed for bankruptcy after racking up about $1.6 billion in debt, the second-largest amount of debt on rating agencies` list of `loans of concern` last year.

Coincidentally, the company also reported $1.6 billion in revenue in fiscal 2017.

Private equity firm Sycamore Partners Management acquired the company and affiliated brands in the 2014 for $2.2 billion...

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RSK: As the song goes by Freddie M "And another one bites the Dust"
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