Two Mall Titans could invest in the bankrupt teen Forever 21 retailer.
The retailer has filed for bankruptcy protection on Sunday morning and recently tried According to the New York Post, the two largest landlords Brookfield Property and Simon Property have concluded a deal.
The reason for this is that Forever 21 with its 541 stores consumes a lot of shopping mall space. The nationwide closure of 178 locations would leave big holes in shopping malls.
Negotiations between the retailer Brookfield and Simon are now considered dead, as they reached a dead end over the weekend.
Representatives of Simon, Brookfield and Forever 21
According to court records, Forever 21 plans to close 350 of its 800 stores worldwide, including most of its activities in Asia and Europe.
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Three years ago, Simon and GGP's shopping center owners, now owned by Simon, rescued the teenage chain Aeropostale from bankruptcy, rather than overshadowing 740 stores.