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Forever 21 Founders Out, New Owners Search for CEO

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.

Teen fast-fashion chain Forever 21 has new owners in the form of Authentic Brands Group, Simon Property Group and Brookfield Property Group, and soon it will have a new CEO to boot. According to sources, Forever 21 co-founders Do Won and Jin Sook Chang, are no longer involved with the bankrupt chain and a search is…

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