Business

Retailers Add Back 258,300 Jobs With Big Gains at Specialty Stores

clock August 7, 2020Evan Clark

Fashion

#BLM in Italy: Stella Jean Feels Lack of Support

clock August 7, 2020Alessandra Turra

Beauty

Beauty’s Creative Professionals During the Coronavirus Pandemic

clock August 7, 2020Jennifer Weil and Sandra Salibian and James Manso

Forever 21

A Forever 21 store in Cancun.

Retail

Forever 21 to Shift to Licensed Model in Mexico

Authentic Brands Group, Forever 21’s owner, has inked a deal with IB Group to operate its 37 stores and open shop-in-shops.

clock June 11, 2020Jean E. Palmieri

Daniel Kulle has been named ceo of Forever 21.

Retail

Daniel Kulle to Expand Digital, Sustainability Efforts as Forever 21’s New CEO

The 24-year veteran of H&M grew North American sales from $1 billion to $4 billion over the course of his career there.

clock February 25, 2020Jean E. Palmieri

Daniel Kulle

Retail

Forever 21 Names Daniel Kulle Chief Executive Officer

The former H&M executive is credited with quadrupling the company’s North American business during his 20-year tenure.

clock February 25, 2020Jean E. Palmieri

Greenpeace de-tox protest

Business Features

As Europe Moves Closer to Total PFC Ban, U.S. Brands Will Be Forced to Detox

The EU is considering a complete ban on certain chemicals, commonly used in apparel and cosmetics. Some brands will have to make serious supply chain and sourcing changes, as a result.

clock February 20, 2020Cathrin Schaer

Forever21 in Times Square.

Mergers and Acquisitions

ABG, Simon, Brookfield Finalize Deal to Buy Forever 21

The plan is to keep all 448 stores in the U.S. open and expand the brand around the world.

clock February 19, 2020Jean E. Palmieri

Forever 21 has been sold to a group headed by Authentic Brands Group.

Retail

ABG’s Bid for Forever 21 Approved; Firm Partnering With Simon, Brookfield

The deal is worth close to $300 million when factoring in purchase price, liabilities assumed.

clock February 19, 2020Jean E. Palmieri

Forever21 in Times Square.

Legal

The Retailer You’re Shipping to Is in Bankruptcy. Will You Get Paid?

A theme with troubled retailers including Forever 21 is vendors are asked for support during a bankruptcy, but face tough odds of recovery.

clock February 12, 2020Sindhu Sundar

Forever21 in Times Square.

Legal

Forever 21’s $81M Sale Gets Court’s Nod

A Delaware bankruptcy judge signaled he was ready to sign off on the retailer’s deal with Authentic Brands Group and landlords.

clock February 11, 2020Sindhu Sundar

Forever 21 Declares Bankruptcy

Legal

Forever 21 Nears Bid Deadline Amid Hopes for an Alternative

The $81.1 million bid from two landlords and Authentic Brands Group could get some competition, though the odds are stacked against others.

clock February 6, 2020Sindhu Sundar

Forever 21 Declares Bankruptcy

Legal

Forever 21 Officially Locks in Its $81M Stalking-Horse Bid

The retailer survived a tense hearing in Delaware bankruptcy court Tuesday amid objections to the fees and speed envisioned by the bid.

clock February 4, 2020Sindhu Sundar

Forever21 in Times Square.

Legal

Forever 21 Gets $81 Million Stalking-Horse Bid From ABG, Landlords

Authentic Brands Group teamed up with Simon Property Group and Brookfield on the bid for the bankrupt fast-fashion retailer.

clock February 3, 2020Sindhu Sundar

Forever21 in Times Square.

Legal

Forever 21 Says It’s At ‘Critical Stage’ With Sale Pursuit

The bankrupt retailer told a Delaware court that it has significantly cut costs, and is working to find a buyer.

clock January 28, 2020Sindhu Sundar

Forever21 in Times Square.

Financial

Authentic Considering Forever 21 Deal with Landlord: Source

The brand-managing house is said to be considering another acquisition, this time at the lower end of the price scale.

clock January 24, 2020Evan Clark

T.J. Maxx

Business Features

The Off-price Channel

Off-price retailers continue to hang in the fold between traditional brick-and-mortar companies and e-commerce brands. But will it stay strong or crumble in the era of online shopping?

clock January 7, 2020Kellie Ell

2019's retail bankruptcies.

Retail

Retailers That Filed for Bankruptcy in 2019

The retail apocalypse continued in 2019, with more boutiques, department store chains and others shutting down stores.

clock December 20, 2019Sindhu Sundar

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Louis Vuitton Men's Show Pulls 85 Million Views in China

clock August 7, 2020Joelle Diderich and Miles Socha

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