Nine West Footwear Group to Split Into 4 Companies
Nine West Holdings Inc.'s footwear business will be split up into four separate companies under a plan by private-equity owner Sycamore Partners LLC, part of an effort to squeeze more value from a stable of well-known brands. The new companies, which will remain part of Sycamore, will consist of Nine West, Anne Klein, Easy Spirit and NW Jewelry Group. As her company splits up, Nine West Footwear Group Chief Executive Officer Kathleen Nedorostek will be stepping down. Former Kohl's Corp. executive Peggy Eskenasi, meanwhile, is joining Sycamore to help oversee the operations.