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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
News
Man In US Illegally Caught Stealing From Long Island Mall, Gave Police Fake ID: Cops Man In US Illegally Caught Stealing From Long Island Mall, Gave Police Fake ID: Cops
Man In US Illegally Caught Stealing From Long Island Mall, Gave Police Fake ID: Cops A man in the United States illegally was taken into federal custody after shoplifting from a Long Island mall, police said. Rammeike Campbell, 27, of Queens, was arrested Monday, April 21, after he was caught stealing merchandise from both Macy’s and Forever 21 at the Green Acres Mall in Valley Stream, according to Nassau County Police. Campbell concealed items in a shopping bag and walked out of Macy’s without paying, police said. After being stopped by loss prevention officers, he was arrested by responding Nassau officers without incident. An investigation revealed that Campbell had als…

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by Michael Mashburn
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
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