Nine West acquires women’s clothing brand

Nine West Holdings has entered into an agreement to purchase a 30-years plus women’s apparel company.



Nine West said it has used the net proceeds from the December 2016 sale of its Easy Spirit wholesale business to purchase the Kasper Group. The terms of the transaction were not disclosed.



The Kasper Group's apparel is sold under its flagship Kasper and other well-known brand names.



"We are pleased to welcome the Kasper Group to Nine West Holdings. The Kasper Group is a well-known leader in the women's sportswear market," said Ralph Schipani, interim CEO of Nine West Holdings. "This acquisition of Kasper's reputable branded apparel will enable Nine West Holdings to offer its customers an array of women's affordable, wear-to-work tailored clothing, footwear and accessories."



The Kasper Group was a part of the Jones Apparel group of companies purchased by Sycamore Partners in April 2014 as part of the take private acquisition of The Jones Group Inc. Nine West Holdings and the Kasper Group currently are separate portfolio companies of Sycamore Partners.