Nine West Footwear Group, an operating division of Nine West Holdings Inc., has been reorganized into four separate businesses, each with its own leadership team. The newly organized businesses are: Nine West (which includes the Nine West, Bandolino, Enzo Angiolini and Circa Joan & David brands, and the Handbags division), Easy Spirit, NW Jewelry Group and Anne Klein.

Stefan Kaluzny, Managing Director at Sycamore Partners commented: "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. We are excited to have a talented group of executives leading these businesses."

Several changes in the group's management have been announced by Sycamore. Peggy Eskenasi, previously Senior Executive Vice President for Product Development at Kohl's Corp., has joined Sycamore to serve as Executive Chairman of Easy Spirit, NW Jewelry Group and Anne Klein. Kathy Nedorostek has chosen to step down as Chief Executive Officer of the Nine West Footwear Group and Andrew Hede will serve as Interim CEO of Nine West. Eric Dauwalter, President of Easy Spirit, and Fran Lukas, President of NW Jewelry, will continue to lead their respective businesses in the new structure.

Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. The firm has more than 3.5 billion US dollars in capital under management. The firm claims its “strategy is to partner with management teams to improve the operating profitability and strategic value of their businesses”. The firm's investment portfolio currently includes Aéropostale, Coldwater Creek, Hot Topic, Jones New York, the Kasper Group, Kurt Geiger, MGF Sourcing, Nine West Holdings, Pathlight Capital, Stuart Weitzman and Talbots.