However, they will close 40 branches in California; Here we tell you which stores will close in Los Angeles
The Forever 21 store chain, from The Angels, ad your bankruptcy since last September, anticipating that this would lead to the closing of branches and a total restructuring of the company. However, this Monday the company announced that they are signing an agreement millionaire what could save her and allow continue in the market.
The agreement is that a buyer would contribute the sum of $ 81 million, which would give the company oxygen and would be the way to keep its doors open, at least from retail stores and e-commerce.
The agreement was carried out with the consortium of shopping centers, formed by Simon Property Group, Brookfield Properties Y Authentic Brands Group, according to the CNN news network.
The Forever 21 brand was founded in 1994 and was directed from its origin to the adolescent female audience, with low-priced clothing. At the time, he had up to 800 stores worldwide. The current recovery plan implies that they will close most of its stores in Asia and Europe, but will continue to operate in Mexico Y Latin America.
In California, 40 stores are expected to close, including the following branches in Los Angeles: Garden State Plaza, Fashion Island in Newport Beach, Beverly Center, Hollywood, Anaheim Plaza, Glendale Galleria, Inland Center, Pasadena, Van Nuys, Culver City and Riverside.
With this, Forever21 joins the list of companies that, like Macy’s, face the change in market behavior or go bankrupt.
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