Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Feb. 26, 1:13 PM
| This Slide: #32 of 100 |
Slide #32. Authentic Brands Group — Forever
Acquirer:
Authentic Brands Group
Acquiree:
Forever
Details:
Authentic Brands Group (ABG), a global brand development, marketing, and entertainment company, today announced the acquisition of America's original fast fashion retailer, Forever 21. ABG and Simon Property Group (Simon) (NYSE: SPG) will each own 37.5 percent, and Brookfield Property Partners (Brookfield) (NASDAQ: BPY) will own 25 percent of the intellectual property and operating businesses.
Both companies are privately held or listed on a foreign exchange.
