Recent events
Recent events tied to this brand in public sources.
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2020
Nevada OSHA penalizes three Fashion Show mall stores
Nevada OSHA issued citation and penalty notices to Saks Fifth Avenue #645, Shiekh Shoes LLC, and Forever 21 over observed noncompliance with workplace health and safety requirements. The three stores were penalized a total of $8,501.
2020
Forever 21 launches Philippine online store and call-to-deliver service
Forever 21 launched an online store on Lazada and a call-to-deliver service in the Philippines.
2020
Three investors announce acquisition of Forever 21 stakes
Authentic Brands Group and Simon Property were reported to be acquiring 37.5% stakes each in Forever 21, while Brookfield Property was to acquire a 25% stake; the three parties were to contribute a total of $81.1 million.
2020
Forever 21 acquired by three companies
A report said Authentic Brands Group, Simon Property Group Inc., and Brookfield Property Partners LP acquired Forever 21. Authentic Brands Group and Simon Property Group were to own 37.5 percent, and Brookfield Property Partners the remaining 25 percent, of the business.
2020
Bankruptcy court approves consortium's Forever 21 acquisition deal
A U.S. bankruptcy court approved an $81.1 million deal for a consortium comprising Simon Property Group, Authentic Brands Group and Brookfield to acquire Forever 21. The report does not say that the acquisition has been completed.
2019
Forever 21 lists a Delaware store as a possible closure
Forever 21 released a list of stores that could close as part of its bankruptcy proceedings. One of its three Delaware locations may close; the company said not all listed locations would necessarily close while it sought to renegotiate leases and rents.
2019
Forever 21 offers clearance discounts at Richmond Centre
Forever 21 offered clearance prices at its Richmond Centre store, including $2 accessories and $12 outerwear.
2019
Forever 21 announces global restructuring
Forever 21 announced a global restructuring that it said would involve closing most of its international locations in Asia and Europe.
2019
Forever 21 receives restructuring financing
Forever 21 said it received US$275 million in financing from existing lenders and US$75 million in new capital from TPG Sixth Street Partners and certain affiliated funds.
2019
Forever 21 files for Chapter 11 bankruptcy protection
Forever 21 filed for Chapter 11 bankruptcy protection. The company said it would close up to 178 stores.
2019
Forever 21 receives $350 million in new capital
Forever 21 received $350 million in new capital: JPMorgan Chase Bank led a $275 million injection, and TPG Sixth Street Partners and affiliated funds added $75 million. The company said the financing would support changes intended to revitalize the brand and fuel growth.
2019
Forever 21 announces planned exits from most locations in Asia and Europe
As part of its restructuring strategy, Forever 21 announced plans to exit most of its international locations in Asia and Europe while continuing operations in Mexico and Latin America.
2019
Forever 21 began withdrawing from China
Forever 21 began withdrawing from the Chinese market in March 2019, with stores in Tianjin, Hangzhou, Chongqing and Taipei closing in succession.