Rival bidders for Forever 21 have until Friday to make an offer after the retailer reached a deal with two real-estate companies and a licensing firm
Forever 21 Inc. reached a deal Sunday to sell the retail chain to a consortium of buyers including landlords Simon Property Group Inc., Brookfield Property Partners LP and Authentic Brands Group LLC for $81 million.
The company will seek court approval of the deal naming the two real-estate companies and the licensing firm as the lead, or stalking horse, bidders at the court-supervised auction, according to papers filed in U.S. Bankruptcy Court in Wilmington, Del. Their offer, subject to higher bids at a bankruptcy auction,...
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