Nine West Holdings, Inc. announced Monday it has acquired substantially all the business operations of Sherson Group Inc., which had held the exclusive rights to the Nine West, Anne Klein and Easy Spirit brands in Canada.
The company intends to continue providing its brands to customers across Canada at Nine West mall-based locations and Shoe Studio outlet stores, as well as at leading department stores.
Under an asset purchase agreement, a newly formed subsidiary of Nine West Holdings has acquired 45 store leases and contracts related to Sherson’s business operations. The company expects to continue operating the retail locations and to offer continued employment to a majority of Sherson’s employees.
Ralph Schipani, interim president of Nine West Holdings, said, “We are pleased to have completed this important transaction, which ensures that our loyal customers in Canada will continue to be able to shop for their favorite Nine West, Easy Spirit and Anne Klein footwear and accessories at malls, outlets and department stores across the country.” He added, “We are also gratified to be able to provide continued employment to such an outstanding and dedicated group of associates.”