Now’s the time to buy your favorite pair of Nine West shoes.
The Canadian owners of the popular footwear brand, are now filing for bankruptcy protection. Since its acquisition in 1999, The Sherson Group have owned and operated 47 Nine West locations across the country. That number is likely to either drop immensely or be completely non-existent in the very near future.
The company owes millions of dollars to its parent company Nine West Inc, and upwards of $4,000,000 to its domestic CEO, Stephen E. Applebaum.
This is yet another brand to pull out of Canada due to financial troubles. Late last year, Mexx shut down operations north of the border, while Reitmans and Target had to close a combined 240 stores across the country.
I guess Leela will have to find a new pair of “man-kicking shoes” elsewhere.
