Nine West Holdings Inc., a U.S. shoe and fashion retailer that filed for bankruptcy in early April, said Wednesday that through the bankruptcy court's restructuring plan, the company will apply for about $1 billion in debt relief (about 7 billion yuan).
On November 7, the bankruptcy court will review the application, which is expected to be approved, and Jiuxi holding, which has sold the core brands Nine West and Bandolino in the bankruptcy auction of the court, will be reborn.

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In addition to debt relief applications, Jiuxi Holdings said on Wednesday that the company received orders from Belk, Inc. (blkia. OTCBB), once the largest privately held department store in the United States. In August 2015, sycamore partners, a New York based private fund, announced the acquisition of Belk, Inc. at a transaction price of $6.8 billion per share, totaling $3 billion.
In the June auction, ABG bought two brands of Jiuxi holding for 340 million US dollars, which was more than 140 million US dollars higher than the base price set when the company filed for bankruptcy. It also beat DSW Inc. (NYSE: DSW) in the auction that lasted from Friday to Sunday night.
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