Forever 21
Authentic Brands Group (backed by CVC Capital Partners, HPS Investment Partners, and Leonard Green & Partners) acquired Forever 21 out of its first bankruptcy in 2020. Despite the rescue, ABG's asset-extraction model couldn't overcome the $1.5B debt load. Filed second Chapter 11 in March 2025; all 355 U.S. stores closed by May 2025. ~27,000 employees affected.
- FOUNDED
- 1984
- ACQUIRED
- CVC Capital Partners, 2020
Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
Forever 21 founded
Acquired by CVC Capital Partners
Community Reviews
Share your experience →Firsthand accounts from email-verified contributors. Community reviews are separate from the editorial record above and are not independently fact-checked.
Tracked Locations
AZ · 1
1064 Main St
Phoenix, AZ 85001 · 555-140-7101
FL · 1
9117 Main St
Orlando, FL 32801 · 555-311-5777
GA · 2
2959 Main St
Atlanta, GA 30301 · 555-412-1461
2939 Main St
Atlanta, GA 30301 · 555-182-6863
NC · 2
8521 Main St
Charlotte, NC 28201 · 555-896-2101
5713 Main St
Raleigh, NC 27601 · 555-142-8912
PA · 1
5268 Main St
Pittsburgh, PA 15201 · 555-153-2669
TN · 1
981 Main St
Nashville, TN 37201 · 555-157-3367
WA · 1
9814 Main St
Seattle, WA 98101 · 555-623-1106