Nine West Holdings' footwear group is to be split into four separate businesses by private equity firm Sycamore Partners in a bid to drive long-term growth.

The new businesses will consist of 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, a managing director at Sycamore Partners, said the reorganisation will allow each of Nine West Footwear Group's businesses to "better serve their customers and focus on achieving greater efficiency and long-term profitability".

Sycamore has appointed Peggy Eskenasi, former Kohl's senior executive vice president for product development, as the new executive chairman of Easy Spirit, NW Jewelry Group and Anne Klein. She will also advise the company on brand development across its growing portfolio of retail and consumer investments.

In addition, Nine West Footwear Group's CEO Kathy Nedorostek has stepped down, and will be replaced by Andrew Hede on an interim basis.

Eric Dauwalter, president of Easy Spirit, and Fran Lukas, president of NW Jewelry, will continue to lead their respective businesses under the new structure.