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

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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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