Simon Property Group, Brookfield Properties and Authentic Brands Group completed the acquisition of Forever 21 for $81m.

A consortium consisting of Simon Property Group, Brookfield Properties and Authentic Brands Group completed the acquisition of Forever 21, an American-only fast fashion retailer for $81m. Simon and Brookfield are Forever 21's biggest landlords. The other bidder is Authentic Brands Group, which has acquired the licensing rights to other troubled retailers like Barneys New York. “Forever 21 is a powerful retail brand with incredible consumer reach and a wealth of untapped potentialю We’re looking forward to working with the F21 team and our global partners. Together, we’ll revitalize the brand’s core business and connect with audiences around the world through new product offerings and experiences,” Jamie Salter, ABG Founder, Chairman, and CEO.