Who Owns Forever 21?
Forever 21 is a popular fast-fashion retailer that has been around for over two decades. It is known for its trendy and affordable clothing, accessories, and home goods. But who actually owns Forever 21?
Founder and Early History
Forever 21 was founded in 1984 by Do Won Chang and Jin Sook Chang, a South Korean couple. They opened their first store in Los Angeles, California, and the company quickly grew into a global empire.
Parent Company
Forever 21 is a privately held company, meaning that it is not publicly traded on the stock market. The parent company of Forever 21 is Forever 21, Inc.
Recent Changes
In 2019, Forever 21 filed for bankruptcy. The company was facing financial difficulties due to increased competition and changing consumer trends. As part of the bankruptcy process, Forever 21 sold off some of its stores and closed others.
In 2020, Forever 21 emerged from bankruptcy under new ownership. The company was acquired by a group of investors led by Authentic Brands Group, which also owns other popular brands such as Juicy Couture and Nautica.
Conclusion
So, who owns Forever 21 today? The company is owned by a group of investors led by Authentic Brands Group. The founder, Do Won Chang, is no longer involved in the day-to-day operations of the company.
Frequently Asked Questions
- Who founded Forever 21? Do Won Chang and Jin Sook Chang
- What is the parent company of Forever 21? Forever 21, Inc.
- Who owns Forever 21 today? A group of investors led by Authentic Brands Group
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