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Forever 21, Inc. Forever 21 is a multinational fast-fashion retailer headquartered in Los Angeles, California, United States. Originally founded as the store Fashion 21 in Highland Park, Los Angeles in 1984, [3] [4] it is currently operated by Authentic Brands Group and Simon Property Group, with about 540 outlets.
Employer. Forever 21 (1984–2020) (bankrupt) Spouse. Jin Sook Chang (m.?) Children. 2 daughters. Do Won Chang ( Hangul: 장도원; born March 20, 1954) is a Korean-born American businessman. He founded the clothing store chain Forever 21 with his wife Jin Sook Chang.
The company was purchased by competitor Forever 21 out of bankruptcy in 2005, with its stores either closed or converted to F21 formats. Gantos – a women's specialty clothing retailer based in Grand Rapids, Michigan .
The company gained popularity in mid-2000s to the 2010s for its low prices and quick turnover of inventory. Forever 21’s sales peaked in 2015, earning $4.4bn in global sales that year.
Forever 21 went in the opposite direction, opening at normal hours on Friday, and running late sales until 2 a.m. Saturday morning. [76] [77] In 2011, several retailers (including Target , Kohl's , Macy's , Best Buy , and Bealls ) [2] opened at midnight for the first time. [78]
The multi-level 40,000 square foot Forever 21 location at Plaza Las Américas, adjacent to Plaza's La Terraza food court, was the latest flagship addition to the fashion chain with other international flagship operations in Canada, Korea, China and Singapore. It would generate 100 new jobs.
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