/raid1/www/Hosts/bankrupt/TCR_Public/181110.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, November 10, 2018, Vol. 22, No. 313

                            Headlines

NINE WEST: Incurs $76.4MM Net Loss in September
VISION INVESTMENT: Hires Haines, Isenbarger & Skiba as Accountant

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NINE WEST: Incurs $76.4MM Net Loss in September
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BankruptcyData.com reported that Nine West Holdings filed with the
U.S. Bankruptcy Court a monthly operating report for the period of
September 2, 2018 to October 1, 2018. For the period, the
consolidated Debtors reported operating income of $7.2 million and
a net loss of $76.4 million on $112.9 million in total revenue.
Operating expenses included (i) $81.7 million in cost of goods
sold, (ii) $16.1 million in selling, general and administrative
expenses and (iii) $7.7 million in depreciation and amortization.
The net loss was impacted by (i) $58.0 million in reorganization
expenses, comprised principally of $47.5 million in "elimination of
debt issuance costs and valuation allowances on debt subject to
compromise," (ii) a $9.5 million charge related to "equity in
losses of affiliates" and (iii) a $12.6 million charge related to
"loss from discontinued operations."

                        About Nine West

Nine West Holdings Inc. is a footwear, accessories, women's
apparel, and jeanswear company with a portfolio of brands that
includes Nine West, Anne Klein, and Gloria Vanderbilt.  The company
is a wholesale partner to major U.S. retailers and has
international licensing arrangements covering more than 1,200
points of sale around the world.

In April 2014, Sycamore Partners Management, L.P., acquired The
Jones Group Inc. for $2.2 billion via leveraged buyout.  As part of
the transaction, The Jones Group merged with several affiliates,
and the newly merged company was renamed as Nine West Holdings.

On April 6, 2018, Nine West Holdings, Inc., and 10 affiliates
sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No.
18-10947) to right size their balance sheet, sell the Nine West
Group's assets, and execute on their turnaround strategy to
concentrate exclusively on their One Jeanswear Group, Kasper Group,
The Jewelry Group, and Anne Klein businesses.

In addition to the chapter 11 cases, Jones Canada, Inc., and Nine
West Canada LP commenced foreign insolvency proceeding under the
Bankruptcy and Insolvency Act in Canada.

The Hon. Shelley C. Chapman is the U.S. case judge.

The Debtors tapped Kirkland & Ellis LLP as counsel; Lazard Freres &
Co. as investment banker; Alvarez & Marsal North America LLC as
interim management and financial advisory services provider;
Consensus Advisory Services LLC and Consensus Securities LLC as
investment banker in connection with the sale of intellectual
property associated with the Nine West and Bandolino brands;
Deloitte Tax LLP as tax services provider; and BDO USA, LLP, as
auditor and accountant.

Munger, Tolles & Olson LLP is serving as the company's independent
counsel, rendering services at the direction of independent
directors Alan Miller and Harvey Tepner.  Berkeley Research Group
is serving as independent financial advisor, rendering professional
services at the direction of the Independent Directors.

Prime Clerk LLC is the claims and noticing agent.

The Ad Hoc Group of Secured Term Loan Lenders tapped Davis Polk &
Wardwell LLP as counsel; and Ducera Partners LLC as financial
advisor.

The Ad Hoc Crossover Group of Secured and Unsecured Term Loan
Lenders tapped King & Spalding LLP as counsel and Guggenheim
Securities, LLC, as financial advisor.

Brigade Capital Management, LP, a party to the RSA tapped Kramer
Levin Naftalis & Frankel LLP as counsel.

The Official Committee of Unsecured Creditors tapped Akin Gump
Strauss Hauer & Feld LLP as counsel; Houlihan Lokey Capital, Inc.,
as investment banker; and Protiviti Inc. as financial advisor and
forensic accountant.

Sycamore Partners Management, L.P., owner of 90.2% of the equity
interests in the debtors, tapped Proskauer Rose LLP as counsel.  

Authentic Brands, which bought Nine West's IP assets, tapped DLA
Piper Global Law Firm as counsel.

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The Debtors filed a Chapter 11 plan that's based on a restructuring
support agreement signed with certain members of the Secured Lender
Group, certain members of the Crossover Group, and Brigade, who
collectively hold over 78 percent of the company's secured term
loan and over 89 percent of the unsecured term loan.

In an auction on June 8, 2018, for the company's Nine West,
Bandolino and associated brands, brand developer and marketing
company Authentic Brands Group outbid shoe retailer DSW Inc.  The
winning bid of Authentic Brands' ABG-Nine West LLC was $340 million
in cash and other consideration, which is $140 million more than
ABG's stalking horse bid.

The official committee of unsecured creditors has filed a motion
seeking to conduct an examination of and seek discovery from the
Debtors and third parties pursuant to F.R.B.P. Rule 2004.  The
Committee says its initial investigation indicates there are a
number of potential estate claims arising from the 2014 LBO.


VISION INVESTMENT: Hires Haines, Isenbarger & Skiba as Accountant
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Vision Investment Group, Inc., seeks authority from the U.S.
Bankruptcy Court for the Northern District of Indiana, Fort Wayne
Division to hire David O. Cole, CPA, and Haines, Isenbarger &
Skiba, LLC, to render accounting services during the pendency of
this case.

Debtor requires the services of the accountant for preparation of
reports, financial statements, and matters related to tax forms and
returns.

Haines' current hourly rates are:

     Staff                 $100
     Senior                $140
     Manager               $200
     Sr. Manager/Director  $295
     Partner               $330

David O. Cole, CPA, director of forensic accounting services at
Haines, attests that neither he nor his firm represents any
interest adverse to the Debtor in Possession or its estate in the
matters upon which they are to be engaged.

The firm can be reached through:

     David O. Cole, CPA
     Haines, Isenbarger & Skiba, LLC
     4630-8 West Jefferson Blvd.
     Fort Wayne, IN 46804
     Office: (260) 436-9500
     Fax: (260) 436-8765
     E-mail: dcole@hainescpa.com

                 About Vision Investment Group

Based in Bluffton, Indiana, Vision Investment Group, Inc., filed a
Chapter 11 petition (Bankr. N.D. Ind. Case No. 18-10864) on May 11,
2018, listing $100,001 to $500,000 in assets and $1 million to $10
million in liabilities.  Daniel J. Skekloff at Haller & Colvin, PC,
is the Debtor's counsel.


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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

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