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.

Advance Auto Parts Buying DieHard Brand from Sears for $200 Million

| Mike O'Brien

Another Sears brand is being peeled off as Advance Auto Parts will acquire the DieHard brand and its popular, iconic battery line from Sears’ parent company for $200 million, providing a much-needed cash infusion, according to CNBC. This follows acquisitions of Craftsmen and Sears Hometown brands.

Charlotte Russe to Liquidate and Closes All Stores

| Daniela Forte

Mall-based women’s apparel retailer Charlotte Russe has been added to the ongoing list of troubled companies in the sector, announcing its plans to liquidate and close all of its stores within the next two months. In February, it announced it would file for Chapter 11 bankruptcy protection and close approximately 94 stores.

Sears Lives to See Another Day

| Daniela Forte

A U.S. Bankruptcy Court judge approved the sale of Sears to former chairman and CEO Eddie Lampert late last week, according to Bloomberg, accepting his $5.2 billion bid for the assets and keeping the company alive.

Gymboree to File for Bankruptcy, Close Stores

| Daniela Forte

Gymboree could file for bankruptcy protection as early as this week, according to CNBC, the company’s second filing in less than two years. The company is also is also looking to sell its Janie & Jack brand, which has 139 stores, and close hundreds of other locations.