In September 2019, Forever 21 became the latest fast fashion brand to file for Chapter 11 bankruptcy protection. The company announced it would shutter 350 stores in total, including 178 in the United States alone. (That’s more than half their stock—Forever 21 owns around 600 stores, globally.) Fast forward five months and the chain has unexpectedly risen from the dead: according to BBC, three buyers—brand management company Authentic Brands, mall conglomerate Simon Property and real estate company Brookfield Property—have purchased the brand. They plan on keeping the lights on in 448 US stores, and launching new accessories lines. The question is now—why? Just let it die?\n
350 stores in total, including 178 in the United States alone, three buyers—brand management company Authentic Brands, mall conglomerate Simon Property and real estate company
Brookfield Property—have purchased the brand. They plan on keeping the lights on in 448 US stores, and launching new accessories lines. The question is now—why? Just let it die?
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
ABG’s Bid for Forever 21 Approved; Firm Partnering With Simon, BrookfieldThe court has approved the $81.1 million bid for bankrupt fast-fashion retailer, Forever21. 🔓
Les mer »
Forever 21’s new owners in talks to keep most U.S. stores openForever 21 Inc.’s new owners plan to keep most of the chain’s U.S. stores open under a new CEO when it emerges from bankruptcy.
Les mer »
ABG’s Bid for Forever 21 Approved; Firm Partnering With Simon, BrookfieldThe court has approved the $81.1 million bid for bankrupt fast-fashion retailer, Forever21. 🔓
Les mer »
Noah Centineo and Ross Butler Need to Work on Their Dance MovesTrevinsky forever 😍
Les mer »