Wilamowsky Quoted on Sale of Retail Giant Forever 21

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Wilamowsky Quoted on Sale of Retail Giant Forever 21

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Partner Steven Wilamowsky shared his insight on the recent sale of global discount clothing retailer Forever 21 to a trio of investors, two of whom are the store’s top landlords.

The sale went through after Forever 21 canceled a proposed auction of the company amid Chapter 11 bankruptcy proceedings after failing to secure other bids aside from the trio’s offer.

Steve said, “I think the fact that they weren’t able to get any other bidders, even through an auction process, is indicative of the fact that this is not necessarily inherently a company that, as far as its own economics are concerned, is worth saving.”

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