Tuesday, February 25, 2020

Forever 21's new owners face a slowdown in fast fashion

Retail Dive
Forever 21 has a new lease on life thanks to the successful $81 million bid assembled by the brand conglomerate Authentic Brands Group and the two mall developers that bought it out of bankruptcy.

That's literally true, too — Simon Property Group and Brookfield Property Partners are two of the fast-fashion retailer's major landlords; now they're also two of its major owners, and more stores will likely remain open as a result.

But that doesn't mean that things aren't going to change. . . . more