Wednesday 2 October 2019

For mall owners like Simon, Brookfield and Vornado, Forever 21 bankruptcy signals more trouble ahead

When Jin Sook and Do Won Chang landed at Los Angeles International Airport from South Korea in 1981, they had nothing. The couple eventually scraped together a modest savings and opened their first clothing store in Los Angeles. Over three decades later, they turned that single store into a fast-fashion empire known as Forever 21, which had 800 locations across the globe and at its peak was raking in $4.1 billion in annual sales. Yet



source https://therealdeal.com/national/2019/10/02/for-mall-owners-like-simon-brookfield-and-vornado-forever-21-bankruptcy-signals-more-trouble-ahead/#new_tab

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