Monday, February 3, 2020

Forever 21 Reaches Deal With Mall REITs

Globe St
Forever 21 has reached a deal to be sold to a consortium made up of Simon Property Group, Brookfield Properties and Authentic Brands Group for $81 million.

The retailer filed for Chapter 11 bankruptcy four months ago with plans to close up to 178 stores in the US and as many as 350 outlets globally.

The sale would include all of Forever 21′s assets.. . . more