It was originally founded as Fashion 21 in Highland Park, Los Angeles, in 1984. [4][5] Before its closure in the US, it is owned and operated by Catalyst Brands, with about 540 outlets. The IP …

Mar 17, 2025 · The operator of Forever 21 filed for bankruptcy on Sunday due to growing competition from foreign fast fashion companies, such as Shein and Temu.

Mar 18, 2025 · Forever 21 is now navigating its second bankruptcy in five years. The brand was known for limited-run collections that turned the typical apparel cycle on its head. It also laid …

Mar 17, 2025 · Founded in 1984 by Korean immigrants in California, Forever 21 quickly became a mall staple for millennials seeking designer-inspired styles, alongside fellow low-cost retailer …

Originally founded as Richman-Gordman, the company underwent various transformations over the decades, striving to provide quality merchandise and exceptional service to its customers.

Mar 5, 2025 · Forever 21 is closing its corporate headquarters in downtown Los Angeles and laying off nearly 360 employees ahead of a reported bankruptcy filing.

Nov 11, 2025 · Owned by Simon Property Group (SPG +0.88%) and Authentic Brands Group, Forever 21 is a fast-fashion retailer that sells apparel, beauty products, and accessories.

Fast-fashion retailer Forever 21 operates stores under the Forever 21, XXI Forever, For Love 21, Heritage 1981, and Reference banners. Forever 21 sells men's and women's clothing and...

Aug 23, 2025 · Forever 21’s ownership structure has changed significantly since its bankruptcy in 2019, with the fashion retailer now under the control of major retail industry players who have …

Mar 18, 2025 · Forever 21 has filed for bankruptcy for the second time in six years, citing "competition from foreign fast fashion companies," rising costs and other economic challenges.