Monday, July 1, 2019

Forever 21 Officials Approached Landlords About Possible Purchase

NREI
A small faction of officials at Forever 21 Inc. has asked its biggest landlords if they’d consider taking a stake in the clothing retailer, as the company’s leadership battles internally about how to turn around the struggling store chain.

The group, which didn’t have the backing of the company’s co-founder, talked to Simon Property Group Inc. and Brookfield Property Partners LP about a range of options including a sale, according to people with knowledge of the matter.  . . . more

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