Mall owners among group bidding $81 million for Forever 21 A consortium of buyers, including mall owners Simon Property Group and Brookfield Property Partners, is bidding $81 million for Forever 21, the ubiquitous mall staple that filed for bankruptcy protection in SeptemberFILE - In this Jan. 22, 2020, file photo a store front is closed below an Express retail clothing store in Valley West Mall in West Des Moines, Iowa. (AP Photo/Andrew Harnik, File)FILE - In this Jan. 22, 2020, file photo a store front is closed below an Express retail clothing store in Valley West Mall in West Des Moines, Iowa. (AP Photo/Andrew Harnik, File) The Associated PressA consortium of buyers, including mall owners Simon Property Group and Brookfield Property Partners, is bidding $81 million for Forever 21, the ubiquitous mall staple that filed for bankruptcy protection in September. Forever 21, based in Los Angeles, is a privately held company founded by the Chang family. But Forever 21 went on an aggressive expansion of stores just as shoppers were moving online.

Source: ABC News February 03, 2020 12:31 UTC