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Forever 21 to be sold to mall owners Simon, Brookfield, brand company Authentic

Paul Conner

Troubled retail chain Forever 21 has reached an agreement to be sold to a group that includes mall owners Simon Property Group and Brookfield Property Partners and brand management company Authentic Brands Group.

That’s according to a Sunday court filing flagged by The Real Deal. The price would be $81 million.

Simon and Brookfield are two of Forever 21's largest unsecured creditors.

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Forever 21, founded in 1984 and based in California, filed for bankruptcy protection in September and has since closed 100 stores.

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Authentic Brands Group, with B. Riley Financial Inc., bought retailer Barneys New York after a three-month auction process last year.

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