New York City, Indianapolis and Chicago — Authentic Brands Group (ABG), a global brand development, marketing and entertainment company, has acquired America’s original fast fashion retailer, Forever 21. ABG and Simon Property Group will each own 37.5%, and Brookfield Property Partners will own 25% of the intellectual property and operating businesses. With this move, ABG, Simon and Brookfield become the new ownership group for Forever 21. Building on the success of Aéropostale, this similar ownership structure positions Forever 21 for long term performance and growth. This acquisition further diversifies ABG’s …
brookfield
Brookfield, Conn. — The Hummus & Pita Co., one of the country’s leading and fastest growing Mediterranean fast-casuals, will mark the official start of national expansion with the opening of its first franchised store in Brookfield, Conn., on August 11, 2018. The brand’s newest outpost is part of a franchise deal inked earlier this year. This marks the first of five grand openings in five new markets.