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.
- RECORD
- Imported record
Who owns it?
No verified current owner published
We have not published a verified current-owner claim for this entity. Recorded ownership data appears below.
Verified findings
Facts and causal attributions that have passed evidence review and remain backed by their reviewed sources.
No other verified findings published yet.
Recorded ownership
Database ownership records. These are not automatically verified current-owner claims.
- Status
- Unknown
- Control
- Unknown
- Start
- No recorded start date
- End
- No recorded end date
Imported record
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About this record
Verified findings have passed evidence review and stay published only while their reviewed evidence matches what currently exists. A finding is either a verified fact or a causal attribution — a reviewed judgement that one thing contributed to another, published with the attribution strength it earned. The two are not interchangeable.
Everything else on this page is a recorded database entry: ownership, classification, and relationship rows carried over from research and import work. A record existing is not the same as a fact being checked. Imported records were migrated from Death by PE’s earlier database; record origin is separate from verification.