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Authentic Brands Makes $340M Bid For Nine West Assets

Law360 (June 12, 2018, 5:24 PM EDT) -- Bankrupt fashion accessory maker Nine West Holdings Inc. announced Monday that a "highly competitive" bidding process had resulted in a larger-than-expected bid of over $340 million for its Nine West and Bandolino brands from stalking horse bidder Authentic Brands Group.

Nine West, which entered Chapter 11 in April with a plan to cut $900 million in debt in part by selling those brands to ABG for $200 million, said in a statement that ABG’s winning bid consisted of cash and "other consideration." The sale will go...
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