Which consortium of companies acquired Forever 21 after its 2020 bankruptcy emergence?

Simon Property Group, Brookfield Properties and Authentic Brands Group acquired Forever 21 after its 2020 bankruptcy emergence.

The deal followed Forever 21’s Chapter 11 filing in September 2019. The retailer had been weakened by high store rents, an expensive international expansion and changing shopping habits. In February 2020, the buyer group agreed to acquire the company’s assets for about $81 million, allowing the brand to continue operating while ending the Chang family’s control.

Simon and Brookfield were major mall-property owners and landlords, while Authentic Brands Group specialized in brand ownership, licensing and marketing. Their partnership combined real-estate interests with brand-management expertise. The venture operated through SPARC Group, an entity associated with several retail brands.

The answer is sometimes shortened to Simon, Brookfield and ABG, with ABG standing for Authentic Brands Group. It is also important to distinguish this 2020 acquisition from Forever 21’s later financial troubles and second U.S. bankruptcy filing in 2025.