DLA Piper represented Authentic Brands Group, LLC (ABG) in their purchase of the US shoe and accessories company Nine West Holdings Inc. ABG's successful auction bid is valued over US$340 million in connection with Nine West's chapter 11 case in the US Bankruptcy Court for the Southern District of New York. Nine West's portfolio also includes such iconic brands as Anne Klein, Gloria Vanderbilt and Bandolino footwear and handbags.

Following a competitive auction, the result elevates ABG's footwear and accessories business to over US$2 billion in global retail sales and brings its portfolio to nearly US$8 billion.

The DLA Piper team representing Authentic Brands Group was led by Global co-Chair of the Restructuring practice, Richard Chesley (Chicago). It also included Global co-Chair of the Retail sector, Ann Lawrence (Los Angeles); partner, Rachel Albanese (New York); associates Scott Layfield and Shauneen Militello (both Los Angeles).