Sunday 2 February 2020

Forever 21 will sell to Simon, Brookfield-led partnership at bargain-basement price

Two top mall owners and a brand management company are teaming up to buy troubled retailer Forever 21 at the discount price of $81 million. The retailer chain — which filed for bankruptcy in September — said in a court filing Sunday it reached a stalking horse purchase agreement with Simon Property Group, Brookfield Property Partners and Authentic Brands Group. The sale of Forever 21’s assets includes its side brands, such as beauty store Riley



source https://therealdeal.com/2020/02/02/forever-21-will-sell-to-simon-brookfield-led-partnership-at-bargain-basement-price/

No comments:

Post a Comment