Forever 21 to Be Sold for $81 Million to Its Major Landlords

| Douglas P. Clement

Forever 21 has struck an $81 million deal to sell its assets to a group of mall owners and management operations, including Simon Property Group, Brookfield Properties and brand development/marketing venture Authentic Brands Group. It includes all of Forever 21’s assets and must be approved by a bankruptcy court judge.

Forever 21 Filing for Chapter 11 Bankruptcy

| Daniela Forte

After months of speculation, apparel retailer Forever 21 announced it is filing for Chapter 11 bankruptcy protection. The company had been exploring restructuring options to avoid liquidation as its business struggles continue.