A bankruptcy court judge on Thursday officially gave the green light on the sale of Forever 21 to a trio of investors — two of which are the retailer’s top landlords. Simon Property Group, Brookfield Property Partners and Authentic Brands Group will pay $81 million for the company. The deal means Forever 21’s founding family, the Changs, have given up ownership after almost 35 years running the global discount fashion retailer. David Simon, CEO of
source https://therealdeal.com/2020/02/13/done-deal-forever-21-sold-to-simon-brookfield-venture-for-81m/
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