Deals
Forever 21 Has $81 Million Bid From Simon, Brookfield, Authentic
- Consortium includes Simon Property, Brookfield Property
- Deal calls for bankruptcy court approval of sale by Feb. 18
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A group including two of Forever 21 Inc.’s biggest landlords has offered to buy the bankrupt retailer for $81 million, a fraction of what the international fashion pioneer was once worth.
The consortium of Simon Property Group Inc., Brookfield Property Partners LP and Authentic Brands Group LLC is seeking to buy substantially all of the company’s assets, according to documents filed Sunday in federal bankruptcy court.