While bank lenders are being repaid in full, Forever 21’s suppliers are facing heavy losses after its bankruptcy sale
Judge Kevin Gross of the U.S. Bankruptcy Court in Wilmington, Del., said Tuesday he would approve the $81 million purchase of Forever 21’s assets by a consortium of the retailer’s largest landlords, Simon Property Group Inc.
and Brookfield Property Partners LP, and Authentic Brands.Norge Siste Nytt, Norge Overskrifter
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Forever 21 Cancels Auction, Readies Sale to Mall OwnersA group made up of Forever 21’s biggest landlords—Simon Property Group and Brookfield Property Partners—along with Authentic Brands Group, a brand licensing firm, has offered $81 million for the bankrupt fast-fashion retailer.
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