A bankruptcy judge in Miami on Wednesday green-lighted the $41.5 million purchase of the former Versace mansion by the family behind Jordache Enterprises Inc. and partners.

U.S. Bankruptcy Judge Laurel M. Isicoff approved the purchase by VM South Beach LLC, a partnership of the New York-based Nakash and Gindi families. VM South Beach emerged from Tuesday’s bankruptcy auction as the winning bidder.

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