The Simon Property Group-led partnership now poised to take over Forever 21 intends to keep the ailing retail chain open. That was Simon Property CEO David Simon, during the mall owner’s fourth quarter earning’s call Tuesday morning. A venture among Simon, Brookfield Property Partners and Authentic Brands Group was recently named the stalking horse bidder to acquire Forever 21, which filed for bankruptcy in September. The bid has to succeed in an auction, but should
source https://therealdeal.com/2020/02/04/forever-21-takeover-group-plans-to-keep-struggling-discount-retailer-open/
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