Forever 21

The history of Forever21 and its founders it’s the representation of the American dream. Do Won Chang and his wife, Jin Sook arrived at the United States at the beginning of the eighties coming from South Korea. In 1984, Chang decided to open a fast fashion chain importing clothes from its country. Then they founded the company, previously called Fashion 21.

Marking its fourth entry into China since 2008, the retail chain teams up with a local partner, as it continues its search for a North American collaborator after declaring bankruptcy last March.

Forever 21 Faces Turning Point as U.S. Licensee Liquidates Assets With Judicial Backing

F21 OpCo, the former operator in charge of the company in the market, has obtained court approval to begin liquidating assets and partially repay its creditors as part of its bankruptcy proceedings.

Forever 21 signs former H&M exec as new CEO

The American fashion company has signed Daniel Culle, former director of H&M in North America, after sealing its sale last week for eighty million dollars.

Forever 21 bought back from bankruptcy by Authentic Brands

Last week, Simon Property, Brookfield Property Partners and Authentic Brand obtained the green light to buy the company for eighty million dollars.

Forever 21, rescued by its landlords and Authentic Brands

Simon Property, Brookflield Property Partners and Authentic Brands have obtained a green light for the purchase of the company, which had filed for bankruptcy in September 2019.

Authentic Brands Group offers $81 million stalking-horse bid

The American company has submitted an offer at the Delaware court. Forever21 filed for Chapter 11 bankruptcy protection in the US last year.

The US group is considering an offer to acquire the US fashion chain, subject to bankruptcy.

The American company is launching a renewed, localized online store for consumers in Canada, Asia, Asia Pacific and Latin America.

The company, that just filed for bankruptcy, plans to continue operating in Latin America, where it operates in Mexico, Brazil, Panama, Perú, Bolivia and Paraguay, with 80 stores.

The american company plans to close fourteen stores in the Japanese market, as well as its ecommerce platform, at the end of next month.

The singer accuses the American fashion retailer, that is reportedly about to file for bankruptcy, of using a look alike model in its ads and trying to convince its customers that it had partnered up with her.

The American fashion retailer has been working during the last couple of weeks to obtain additional financing and negotiate with its creditors to restructure its debt.

The US fashion chain has hired the law firms Latham&Watkins and Alvarez&Marsal to renegotiate the lease contracts of the stores and avoid bankruptcy.

Special series

Forever 21

Mergers & Acquisitions

The Leadership Shuffle

Global Fashion Giants

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Luca de Meo

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