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Forever 21 is a fast-fashion retailer founded by a Korean couple in Los Angeles in 1984. It sells clothing, accessories, beauty products, and home goods worldwide, but has also faced lawsuits, criticism, and environmental issues.
Do Won Chang is a Korean-born American businessman who founded Forever 21 with his wife Jin Sook Chang. He moved to California in 1981 and started the clothing store chain with $11,000 in savings.
Authentic Brands Group is an American brand management company that owns over 50 consumer brands and celebrity estates. Founded in 2010, it has acquired or partnered with brands such as Juicy Couture, Elvis Presley, Reebok, and Sports Illustrated.
Shein acquired one-third of Forever 21’s parent company in 2023, but retail experts say the relationship is no longer beneficial to the Chinese e-commerce giant.
Shein and Forever 21 are combining forces to expand their reach—the deal is a win for fast fashion, but a loss for the environment. Paige Hagy. August 24, 2023 at 2:57 PM.
Fashion Fair is an enclosed shopping mall with four anchor tenants: Macy's, JCPenney, Forever 21, and The Village at Fashion Fair. It opened in 1970 and has undergone several expansions and renovations over the years.
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