Powered by

BUSINESS BEAT : Faction at ailing Forever 21 seeks buy-in from landlords

Jun 28, 2019 - Los Angeles Times

A small faction of officials at Forever 21 Inc. has asked the clothing retailer's biggest landlords if they'd consider taking a stake in the company, as Forever 21's leadership battles internally about how to turn around the struggling 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 about a range of options including a sale, according to people with knowledge of the matter. A rival set of offi...