Forever 21 reportedly planning nearly 200 store closures in second bankruptcy [Globe and Mail, The (Toronto, Canada)]
Simon Property Group, Inc. (SPG)
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Source: Globe and Mail, The
as next month, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The potential bankruptcy is also looking for a buyer for the retailer’s remaining stores. However, if no qualified buyer emerges, Forever 21 would likely liquidate its entire chain of about 350 stores, the report added. Some of the stores slated to close have lost money for years, Bloomberg said. Forever 21 has often withheld royalties and rent payments elsewhere in order to keep them afloat, the report added. The Forever 21 trademark and intellectual property are owned by apparel chain operator Authentic Brands, which licenses them to the operating company that would undergo a Chapter 11 process, Bloomberg said. The U.S. operator of Forever 21 is called F21 OpCo. The report added that the company is now a unit of JCPenney– and Lucky-owner Catalyst Brands. According to Catalyst Brands’ website, it operates SPARC Group’s brands Aéropostale, Eddie Bauer, Lucky Brand and Nautica. The sh
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SPG
Earnings
- 11/3/25 - Beat
SPG
Sec Filings
- 12/16/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- SPG's page on the SEC website