Simon Property, Brookfield and brand licensing specialist Authentic Brands have teamed up on a stalking horse bid of $81 million for bankrupt Forever 21. The bid would serve as a baseline for an auction for Forever 21 and includes a breakup fee of $4.7 million and expense reimbursement of $1 million … [Read more...] about 1.22.20: SIMON PROPERTY AND BROOKFIELD TEAM UP ON BID TO BUY FOREVER 21
10.2.19: FOREVER 21 FILES FOR BANKRUPCY
Forever 21 has filed for bankruptcy and will soon cease operations in 40 countries and close up to 350 stores globally. At its peak, the company made $4.4 billion in revenue and made its founders, South Korean immigrants Jin Sook and Do Won "Don" Chang, billionaires. The company's key to success … [Read more...] about 10.2.19: FOREVER 21 FILES FOR BANKRUPCY