Simon Property Group Reacting To Retail Environment With New Moves
Simon Property Group is reacting to a changing retail environment with innovative partnerships that seek to reinvent retail as well as rescue it.
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Tag: Forever 21
Forever 21 Files Bankruptcy; Pier 1 To Close 70 Stores
Forever 21 filed for bankruptcy protection on Sunday. The company will close up to 178 stores in the United States as part of its restructuring.
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Forever 21, Another Fashion Retailer, Faltering
Forever says it was not planning to file for bankruptcy on Sunday, describing the report as “inaccurate” and says it planned to continue operating the “vast majority” of its stores.
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Forever 21 Explores Options As Retail Sales Decline
Forever 21 is exploring restructuring options to shore up its liquidity as the fast-fashion giant struggles with its business. The company is in talks with private equity firm Apollo Global Management about raising debtor-in-possession funds to provide financing should it file for bankruptcy. The talks come as the apparel industry continues to struggle amid sweeping changes, […]
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