Forever 21 was officially acquired by Authentic Brands Group & Simon

Authentic Brands Group, Simon Property Group and Brookfield Property Group have confirmed acquisition of Forever 21. ABG and Simon will each own 37.5 percent of the retailer's intellectual property and operating businesses.

Simon Property Group - Wikipedia

Forever 21 - Wikipedia

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Authentic Brands Officially Purchases Forever 21

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ABG Completes Acquisition of Forever 21

Forever 21 - Wikipedia

Authentic Brands Group Withdraws IPO Plans