Authentic CEO: Buying Forever 21 ‘biggest mistake I made’
Jan 10, 2024 · The executive said acquiring Forever 21, which was bought out of bankruptcy in 2020 by Authentic and mall operators Simon and Brookfield, is “probably the biggest mistake I made,” but the ...
Forever 21's Final Days: Countdown to Closure After Bankruptcy …
Mar 19, 2024 · Forever 21, after declaring bankruptcy, is closing stores, including a key location in Roseville, CA, and others in Kansas City, amidst widespread retail shutdowns affecting Macy's and Walgreens.
Forever 21 seeks rent concessions, facing financial struggles
Jun 21, 2024 · Forever 21 is asking some landlords for rent concessions as high as 50% as it faces financial difficulties, according to people familiar with the matter. The legacy fast-fashion …
Forever 21 Goes Bankrupt: What Happened Leading Up to Its …
Sep 30, 2019 · Forever 21 has filed for Chapter 11 bankruptcy protection following weeks of speculation about the future of the once-prolific American fast-fashion retailer. Late last night, the company...
Shein partners with Forever 21 in fast-fashion deal that will …
Aug 25, 2023 · Fast fashion e-tailer Shein may be coming to a mall near you. Forever 21’s parent company Sparc Group announced on Thursday that it will partner with the online shopping giant in a deal that...
Fast fashion powerhouse Forever 21 files ground-shaking petition …
Jan 12, 2025 · Forever 21's bankruptcy filing is a wake-up call about how demand changes and how sustainability has emerged as a top priority. If fast-fashion brands commit to overcoming their troublesome pasts plagued by labor exploitation , public health damage , and pollution waste , they can run profitable, climate-positive businesses that benefit consumers.
Shein strikes deal with Forever 21 in fast fashion business
Aug 24, 2023 · Shein and Forever 21 are joining forces. As part of the joint venture, Shein will acquire about a third of Forever 21's operator, Sparc Group. Sparc will also take a minority stake in...
Shein and Forever 21 Team Up in Fast-Fashion Deal
Aug 24, 2023 · Shein, the e-commerce retailer founded in China, is teaming up with the parent of Forever 21 to expand its reach into Americans’ closets. The tie-up will bring together two of the biggest names...
Forever 21 acquisition finalized, new owners expect to keep US …
Feb 19, 2020 · Three companies finalized the acquisition of Forever 21, marketing company Authentic Brands Group announced Wednesday. The new ownership group -- mall owners Simon Property Group and Brookfield...
Shein signs deal with Forever 21 owner as fast-fashion majors …
Aug 24, 2023 · The deal, which would give Shein a roughly one-third interest in SPARC Group, expands Forever 21's reach by bringing the label to Shein's online platform, which serves about 150 million users.