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ABG Group acquires Nine West for 340 million dollars

13 days ago   |   By

Nine West Holdings Inc. has sold its Nine West and Bandolino footwear and handbag brands at auction to Authentic Brands Group for 340 million dollars.
ABG, the brand development and marketing company that owns numerous fashion brands including Juicy Couture, Jones New York and Judith Leiber, was named the successful bidder in the auction conducted under Section 363 of the U.S. Bankruptcy Code.
Its winning bid was more than 140 million dollars over its initial stalking horse bid, the two companies confirmed in a press release.
"Authentic Brands Group is an industry leader and we are pleased...
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