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.
