Apr 16, · Nine West, after limping through a brutal past few years for retail, has finally called it quits.. After declaring bankruptcy in the U.S. earlier this month, the shoe chain's stores announced. Nine West Canada’s U.S. parent company and licensor, together with various U.S. Nine West entities, also filed for protection under Chapter 11 of the U.S. Bankruptcy Code on April 6, Nine West Canada is the exclusive distributor in Canada of women’s footwear and accessories bearing certain trademarks owned by the U.S. Nine West entities. Jan 26, · Nine West has one of highest leverage ratios among its peers in retail. Its debt is more than 19 times the company’s adjusted earnings, reported Bloomberg, citing Moody’s Investors Service. The rating firm already included Nine West among those retailers in peril of going into administration, declaring bankruptcy or stopping operations for.
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