Nine West Holdings Inc. took steps forward in its bankruptcy case after winning court approval to sell its brands to licensing firm Authentic Brands Group Inc., WSJ Pro Bankruptcy reported. Bankruptcy Judge Shelley Chapman in New York signed off yesterday on the sale of the Nine West and Bandolino brands for $340 million. Last week Authentic Brands walked away the winning bidder for the assets, after going toe-to-toe with DSW Holdings Inc. The price tag was a considerable increase. Nine West sought bankruptcy protection in April with a $200 million baseline bid from Authentic Brands. The shoe retailer sought bankruptcy protection after seeing significant sales declines in recent years. In addition to selling off its intellectual property assets, Nine West’s remaining brands, including Gloria Vanderbilt, Jessica Simpson, Anne Klein and the Kasper Group, will be taken over by a group of its lenders.