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Kasper and Nine West were separate portfolio companies of Sycamore, according to the statement, which said the combination would be completed this month. Turnaround Effort Nine West is seeking to reverse a sales slump and rework about $1.5 billion of debt following Sycamores 2014 buyout. Kasper, also based in New York, would add a line of affordable suits, dresses and sportswear to Nine West, whose brand has lost some cachet in womens shoes and handbags. But apparel retailers also have been struggling as shoppers shifted their spending toward experiences. Its no game-changer at all, S&P Global Ratings analyst Jerry Phelan said, referring to the Kasper purchase. Theyve got bigger problems to deal with. The company faces a daunting maturity wall in 2019. Debt coming due that year includes a term loan, asset-backed revolver, and unsecured bonds. Smaller and slower apparel companies that loaded up on debt during leveraged buyouts are struggling to keep up with new competitors online and in fast fashion. Companies like Nine West are short on cash and long on obligations, leaving them unable to make the frequent investments needed to keep their offerings and business models up to date. Still, the acquisition could help Nine West in the short term.

For the original version including any supplementary images or video, visit https://www.bloomberg.com/news/articles/2017-01-27/half-the-leverage-still-too-much-as-nine-west-seeks-turnaround

Migrants protest near the Moria camp on Greece They said that poor conditions at an overcrowded camp in Moria presented a "serious risk" to at least 3,000 migrants living there. A man in his 20s said to be a รองเท้าวิ่ง ราคาถูก Pakistani was found dead in his tent on Monday. A 22-year-old Egyptian man and a 46-year-old Syrian man who shared a tent died last week. Reports suggest they inhaled toxic fumes from heaters. Greek police are now investigating the deaths. Local media have cited carbon monoxide poisoning as a possible cause of deaths, as the cold winter weather has forced many migrants to use heaters and wood-burning stoves to keep warm. "Something has got to give," International Rescue Committee Greece director Panos Navrozidis was quoted as saying by Reuters. "We cannot tolerate this wanton loss of life." The Doctors of the World charity said poor conditions at the camp posed "serious risk" to migrants. More than 60,000 migrants and refugees - many of them from conflict-ravaged countries like Syria, Iraq and Afghanistan - currently live in camps around Greece. Aid groups say many of the camps are overcrowded, with Human Rights Watch describing the conditions in some of them as "deplorable and volatile".

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