Nine West is Staying In Canada!
Canadian Nine West Store Seek Bankruptcy protection we told you that Nine West’s Canadian stores were in trouble and had recently announced bankruptcy protection. During that time period the future of Nine West in Canada was uncertain. However, news has come out confirming that U.S. retail chain Nine West has struck a deal with its Canadian licensee to buy back the license and to take over operations in Canada.
Under the new deal, Nine West will create a new subsidiary and will buy back 45 of the existing 49 Nine West Stores. Which is good news for the Canadian operation which employs over 500 employees. Additionally it’s good new for Canadian consumers as Nine West has been a staple for Canadians for decades.