THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
Online Conversion Webinar 2020
Future of Retail Marketing 2020
The HR Summit 2020
The Future Of AI in Retail Conference 2020
Omnichannel Futures Conference 2021
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Forever 21 acquired by Authentic Brands, Simon and Brookfield

Authentic Brands Group, Simon and Brookfield have come together to acquire the fashion retailer Forever 21. While Authentic Brands and Simon will each own 37.5% of… View Article

FASHION

Forever 21 acquired by Authentic Brands, Simon and Brookfield

Authentic Brands Group, Simon and Brookfield have come together to acquire the fashion retailer Forever 21.

While Authentic Brands and Simon will each own 37.5% of the business, Brookfield will take a 25% stake.

In a statement, Authentic Brands said the acquisition will  boost the value of its brand portfolio to $12.5 billion in global annual retail sales.

Jamie Salter, founder, chairman, and chief executive of Authentic Brands, added: “Forever 21 is a powerful retail brand with incredible consumer reach and a wealth of untapped potential. We’re looking forward to working with the F21 team and our global partners. Together, we’ll revitalise the brand’s core business and connect with audiences around the world through new product offerings and experiences.”

Founded in LA more than 30 years ago, Forever 21 is known for its on-trend and fashion-forward merchandise. Its stores are expected to continue operating across  its US and international markets and there are plans to expand the business across South America, Western and Eastern Europe, China, Southeast Asia, the Middle East, and India.

However, the company is planning to convert its current company owned store operations in Central America, South America, Mexico, the Philippines, and the Caribbean to a licensed partnership model.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Online Conversion Webinar 2020
Online Conversion Webinar 2020
April 30 2020
Now online - Please register for details
The Retail Bulletin Online Conversion Webinar 2020 Partnered by IMRG
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Now online, please register for details
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
The Future Of AI in Retail Conference 2020
The Future Of AI in Retail Conference 2020
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY
Omnichannel Futures Conference 2021
Omnichannel Futures Conference 2021
3 February 2021
Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy