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Forever 21 Enters Into $81 Million Deal to Sell to US Mall Owners

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Bankrupt Forever 21 has a new lifeline through an $81 million deal to sell the company’s assets to Authentic Brands Group and its two largest landlords, Simon Property Group and Brookfield Property Partners. The retail chain is seeking permission from a Delaware bankruptcy court to name the group as the so-called “stalking horse” bidder for…

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