Forever 21 sold for $81M to desperate mall owners Simon, Brookfield & Authentic Groups

Troubled retail chain Forever 21 has reached an agreement to be sold to a group that includes mall owners Simon Property Group and Brookfield Property Partners and brand management company Authentic Brands Group.

That’s according to a Sunday court filing flagged by The Real Deal. The price would be $81 million.

Simon and Brookfield are two of Forever 21’s largest unsecured creditors.

Troubled retail chain Forever 21 has reached an agreement to be sold to a group that includes mall owners Simon Property Group and Brookfield Property Partners and brand management company Authentic Brands Group.

That’s according to a Sunday court filing flagged by The Real Deal. The price would be $81 million.

Simon and Brookfield are two of Forever 21’s largest unsecured creditors.

Ticker Security Last Change Change %
SPG SIMON PROPERTY GROUP INC. 133.15 -3.30 -2.42%
BPY BROOKFIELD PROPERTY PARTNERS 18.53 -0.29 -1.54%

 

Forever 21, founded in 1984 and based in California, filed for bankruptcy protection in September and has since closed 100 stores.

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