Forever 21 has reached a deal to sell off its assets for $81 million, four months after filing for Chapter 11 bankruptcy.
New York
As part of the deal, the struggling fast-fashion retailer would be sold to a consortium made up of mall operators Simon Property Group and Brookfield Properties and brand management firm Authentic Brands Group, according to a Sunday court filing. The sale would include all of Forever 21's assets, including its remaining stores and its beauty line RileyRose.
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