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Forever 21 Founders Out, New Owners Search for CEO

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Authentic Brands, Simon Property and Brookfield Property have acquired bankrupt Forever 21, seeking a new CEO to run the fashion chain.
CREDIT: Mark Lennihan/AP/Shutterstock

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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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