The shoe chain said Friday the bankruptcy filing was made to ease the sale of its Nine West and Bandolino footwear and handbag business, and so it can focus more on its growing businesses, which include One Jeanswear Group, The Jewelry Group, the Kasper Group and Anne Klein. Nine West said it has a "stalking horse" agreement — an effort by a bankrupt company to determine the market for its assets — with Authentic Brands Group for the Nine West and Bandolino brands.
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Facebook revealed Wednesday that tens of millions more people might have been exposed in the Cambridge Analytica privacy scandal than previously thought and said it will restrict the user data that outsiders can access.