Retailer Forever 21 has been saved from bankruptcy by three buyers who want to expand internationally.
New owners, Authentic Brands, Simon Property and Brookfield Property, also want to keep open most of the chain’s 448 US stores.
Forever 21 filed for bankruptcy last September as losses mounted from its international locations.
As part of its revamp, it plans to launch new lines of jewellery, footwear and handbags.
Leave a Comment