News

Mall owners eyeing Forever 21 acquisition

Photo by istock.com

February 5, 2020

A group of buyers, which includes mall owner Simon Property Group, is making a $81 million bid to buy Forever 21, a fashion retailer that filed for bankruptcy last year.

The acquisition group includes Brookfield Property Partners as well. Both mall owners were Forever 21's biggest landlords, according to an ABC News report. Forever 21 has kept its online store open since filing for bankruptcy.