Nine West is shaking up its management team and reorganizing.
Sycamore Partners, which purchased Nine West as part of its Jones Group deal in April, announced it was splitting Nine West Footwear Group into four distinct businesses to get more out of the well-known brands in its portfolio. Kathy Nedorostek will resign as the Nine West Footwear Group CEO.
The new businesses will be Easy Spirit, NW Jewelry Group, Anne Klein and Nine West, which will operate the flagship label, Bandolino, Enzo Angiolini, Circa Joan & David and the handbag category.
Andrew Hede will serve as interim CEO for Nine West. Eric Dauwalter will remain as president of Easy Spirit and Fran Lukas will stay on as Nine West Jewelry president.
The firm also announced Peggy Eskenasi, previously senior executive VP for product development at Kohl’s Corp., as a consultant and executive chairman of Easy Spirit, NW Jewelry and Anne Klein. She also will assist with the search for a new leader of the Anne Klein division.
“We believe the reorganization of the Nine West Footwear Group will allow each of its individual businesses to better serve their customers and focus on achieving greater efficiency and long-term profitability,” said Stefan Kaluzny, managing director at Sycamore Partners in a statement. “We are excited to have a talented group of executives leading these businesses.”