Forever 21
PE-OwnedAuthentic 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.
Ownership Information
Forever 21 is owned by CVC Capital Partners. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Forever 21 founded
Acquired by CVC Capital Partners
Community Reviews
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AZ (1)
Phoenix
1064 Main St
Phoenix, AZ 85001
555-140-7101
FL (1)
Orlando
9117 Main St
Orlando, FL 32801
555-311-5777
GA (2)
Atlanta
2959 Main St
Atlanta, GA 30301
555-412-1461
Atlanta
2939 Main St
Atlanta, GA 30301
555-182-6863
NC (2)
Charlotte
8521 Main St
Charlotte, NC 28201
555-896-2101
Raleigh
5713 Main St
Raleigh, NC 27601
555-142-8912
PA (1)
Pittsburgh
5268 Main St
Pittsburgh, PA 15201
555-153-2669
TN (1)
Nashville
981 Main St
Nashville, TN 37201
555-157-3367
WA (1)
Seattle
9814 Main St
Seattle, WA 98101
555-623-1106