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Forever 21

Business
Levi's Sells Dockers For $311M+ To Brand Giant Behind Forever 21, Reebok Levi's Sells Dockers For $311M+ To Brand Giant Behind Forever 21, Reebok
Levi's Sells Dockers For $311M+ To Brand Giant Behind Forever 21, Reebok Levi Strauss & Co. is selling its Dockers brand to Authentic Brands Group for at least $311 million. The agreement was announced on Tuesday, May 20. The deal could reach up to $391 million based on Dockers' future growth under Authentic, whose portfolio also includes Forever 21's intellectual property, Nautica, and Reebok. The sale is expected to close by Thursday, July 31, in North America and by the end of January 2026 for global operations. "Dockers is a natural fit for the Authentic model," said Authentic's founder and CEO Jamie Salter. "It's a brand with deep roots, high…

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by Chris Spiker
Business
Forever 21 Collapses: Bankruptcy Forces US Stores To Shut Down, Reports Say Forever 21 Collapses: Bankruptcy Forces US Stores To Shut Down, Reports Say
Forever 21 Collapses: Bankruptcy Forces US Stores To Shut Down, Reports Say Forever 21 is going out of business in the US after struggling against online rivals Shein and Temu, according to reports. Forever 21 filed for bankruptcy protection for the second time in six years and has already started liquidation sales at more than 350 stores, CNBC reported. Its US operations are expected to shut down entirely unless a buyer steps in. Sparc Group, Forever 21's operator, had been searching for a buyer for months and contacted more than 200 potential bidders. Court filings show that 30 parties signed confidentiality agreements, but no viable deal materialized. Talks wit…

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by Chris Spiker
Business
New Barbie Dolls Honor Team USA Gymnasts, Famous Friends As Role Models To Empower Girls New Barbie Dolls Honor Team USA Gymnasts, Famous Friends As Role Models To Empower Girls
New Barbie Dolls Honor Team USA Gymnasts, Famous Friends As Role Models To Empower Girls An iconic doll is celebrating International Women's Month by honoring powerful female friendships with one-of-a-kind toys, aspiring to show young girls the importance of empowering each other. Barbie will recognize four dynamic duos with "role model" dolls made in their likeness, Mattel said in a news release on Tuesday, Mar. 4. The dolls' release ties into International Women's Day, which is on Saturday, Mar. 8. The initiative spotlights the strength of female friendships and aims to inspire young girls to embrace supportive relationships. "One of the greatest tools that a girl can have i…

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by Chris Spiker
Business
Forever 21 Preparing To Close 200 More Stores As Bankruptcy Looms: Reports Forever 21 Preparing To Close 200 More Stores As Bankruptcy Looms: Reports
Forever 21 Preparing To Close 200 More Stores As Bankruptcy Looms: Reports Forever 21 may close at least 200 more stores and could shut down every location during a possible bankruptcy process, according to reports. Forever 21 is considering the closures and its US operator F21 OpCo. may declare bankruptcy as soon as March, Bloomberg News reported. This would be the fast-fashion chain's second bankruptcy filing in about six years. Unless a buyer acquires the remaining locations, the retailer could be forced to liquidate, shutting down its roughly 350 remaining stores. At its height, Forever 21 operated more than 500 US locations and at least 800 worldwid…

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by Chris Spiker
Business
Goodbye, Ruby Tuesday: Restaurant Pulls Out Of CT Mall Leaving 2 Locations In State: Report Goodbye, Ruby Tuesday: Restaurant Pulls Out Of CT Mall Leaving 2 Locations In State: Report
Goodbye, Ruby Tuesday: Restaurant Pulls Out Of CT Mall Leaving 2 Locations In State: Report The Rolling Stones called it 58 years early.   Ruby Tuesday is pulling up stakes from the Meriden Mall, leaving just two locations for the casual dining chain in Connection, CT Insider reported on Friday, Jan. 10.  Per the report, the restaurant closed on Tuesday and has been removing equipment from the building. This marks the latest major chain to pull out of Meriden Mall, including Dick's Sporting Goods, Charlotte Russe, Forever 21, and Ramani's Clothiers among others.  A call to Meriden Mall's leasing offices was not immediately returned.  The two remaini…

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by Josh Lanier
Business
Mall Brand Merger: JCPenney Unites With Forever 21, Aeropostale, Brooks Brothers Operator Mall Brand Merger: JCPenney Unites With Forever 21, Aeropostale, Brooks Brothers Operator
Mall Brand Merger: JCPenney Unites With Forever 21, Aeropostale, Brooks Brothers Operator JCPenney is merging with a company that owns several other retailers that have also struggled as malls have declined in popularity across the US. The 123-year-old department store chain and SPARC Group have combined to form Catalyst Brands, the new company said in a news release on Wednesday, Jan. 8. SPARC Group is the operator of stores including Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand, and Nautica. Former JCPenney CEO Marc Rosen will become the CEO of Catalyst Brands, which boasts more than $9 billion of revenue and about 60,000 employees at …

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by Chris Spiker
Business
Popular Restaurant Chain Closes Danbury Mall Location Popular Restaurant Chain Closes Danbury Mall Location
Popular Restaurant Chain Closes Danbury Mall Location Another Fairfield County restaurant has closed its door due to the financial hardships connected with the COVID-19 pandemic. The Brio Tuscan Grille, a local favorite for Italian dining in the Danbury Fair Mall, has permanently closed, according to its parent company. The company has filed for bankruptcy protection from creditors, crediting the global pandemic as the reason. The restaurant was part of the mall's redevelopment efforts after Filene's department store shuttered.  Other businesses that were part of the redevelopment attempt included the Cheesecake Factory, Dick’s Sporting…

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by Kathy Reakes
Police & Fire
Police Seek Person Of Interest In Danbury Fair Mall Suspicious Incident Police Seek Person Of Interest In Danbury Fair Mall Suspicious Incident
Police Seek Person Of Interest In Danbury Fair Mall Suspicious Incident Do you know him? Police are looking to identify the man shown above regarding suspicious activities that occurred at the Danbury Fair Mall on Monday, Aug. 26. The incidents happened around the changing rooms of fashion retailer FOREVER 21, Danbury Police said. Anyone with info is asked to contact the Danbury Police Department at 203-797-4611 x618. All calls confidential. Share this story by clicking on the Facebook icon below. Check back to Daily Voice for updates.

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by Joe Lombardi
Lifestyle
Have A Ball On New Year's Eve: Things To Do, Places To Dine In Times Square Have A Ball On New Year's Eve: Things To Do, Places To Dine In Times Square
Have A Ball On New Year's Eve: Things To Do, Places To Dine In Times Square Will you be in midtown Manhattan to usher in 2019? If you're still not quite sure where you want to spend some time before heading to Times Square to watch the ball drop, here are some of the plenty of places to choose from: Restaurant Row: Located on 46th St. between 8th and 9th Avenue, Restaurant Row is exactly what its name implies: a long Times Square strip that features more than 30 exquisite dining options. The restaurants have varying price ranges and types of cuisine, so take your pick and pig out before you watch the ball drop. Discovery Times Square: As a special attraction, Disc…

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by Valerie Musson