February 25, 2017 11:36 AM ET

Specialty Retail

Company Overview of Forever 21, Inc.

Company Overview

Forever 21, Inc. operates as a fashion retailer of women’s, men’s, and kids clothing and accessories internationally. It offers clothing products in the areas of dresses, tops, jackets, bottoms, intimates, sleepwear, and active wear. The company also provides accessories, such as bags, belts, sunglasses, readers, hair accessories, socks, tights, beauty products, hats, scarves, gloves, and home and tech products; and jewelry products, including necklaces, earrings, body jewelry, rings, bracelets, pins, patches, and watches. In addition, it offers shoes, including sandals, heels, wedges, espadrilles, sneakers, boots, booties, oxfords, loafers, wide fit products, and flats; and swimwear, such a...

3880 North Mission Road

Los Angeles, CA 90031

United States

Founded in 1984





Key Executives for Forever 21, Inc.

Co-Founder and Chief Executive Officer
Age: 61
Chief Financial Officer
Senior Vice President
Compensation as of Fiscal Year 2016.

Forever 21, Inc. Key Developments

Forever 21 And Amazon Reportedly Mull Acquisition of American Apparel

Forever 21, Inc. and Amazon.com, Inc. (NAsdaqGS:AMZN) are reportedly mulling bidding acquisition of American Apparel, Inc., people familiar with the talks said. Also, Authentic Brands Group LLC and YS Garments, Inc., are in talks with American Apparel and its financial advisers about submitting offers ahead of a deadline on January 6, 2016, the people added. Gildan Activewear, a Canadian T-shirt and underwear maker, made an initial offer of US$66 million (S$95 million) for the brand and inventory, but not any of the company's stores. An outcome in the auction is expected next week, the sources said, asking not to be identified because the deliberations are confidential. American Apparel declined to comment. Amazon, Forever 21, Ys Garments and Authentic Brands did not respond to requests for comment.

Forever 21 Plans to Open First Store in Romania

Forever 21 announced that it plans to open its first store in Romania this autumn in Park Lake Mall in Bucharest. The two-storey store will have an area of 1,600 sq m, will be officially opened on September 1. Forever 21's debut in Romania is part of a large-scale expansion of Teren Management Europe. By the end of 2016, the company plans to open stores in five countries: the Czech Republic, Poland, Portugal, Romania and Slovakia. It opened its first store in Bulgaria in April, in the Paradise Center mall in the capital of Sofia.

Aditya Birla Fashion and Retail Limited Signs Memorandum of Understanding with Forever 21 for India Business

Aditya Birla Fashion and Retail Limited plans to unfold a new chapter in the Indian retail landscape, with its proposal to tie-up with the global brand Forever 21 for the Indian market. The Board of Directors of Aditya Birla Fashion and Retail Limited in-principally approved a proposal to enter into a Binding Memorandum of Understanding with Forever 21 to acquire its exclusive online and offline rights to the global brand - Forever 21, for the Indian market and its existing store network in India from the current franchisee that Diana Retail Private Limited. The proposed acquisition is subject to necessary statutory approvals and signing of definitive agreement(s).

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Diana Retail Private Limited

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