13-02-2020 10:46 via retailgazette.co.uk

Forever 21 rescued for £62m

// Forever 21 is rescued by US property companies for £62m
// Before its collapse, Forever 21 employed 32,800 peopleForever 21 has been bought out of bankruptcy for $80 million (£62 million) by two of its largest landlords.
Simon Property Group and Brookfield Property Partners, have linked up with Authentic Brands, a licensing specialist that owns Sports Illustrated magazine, to rescue the US fast-fashion retailer, The Times reported.
The new owners have agreed to assume some of Fore
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