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Forever 21 to Close 200 Stores as it Considers Second Bankruptcy

Retail TouchPoints

Forever 21s Twisting Tale of Bankruptcies and Sales Forever 21s intellectual property has been owned by brand management firm Authentic Brands Group since its first bankruptcy in 2019 , and a second bankruptcy would not disrupt that arrangement. If a buyer is not found, a chainwide liquidation is in the cards. In the U.S.,

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Report: Tru Kids Shutters its Two Toys ‘R’ Us Stores After One Year

Retail TouchPoints

Tru Kids has closed the two Toys ‘R’ Us outlets it opened in 2019, according to Bloomberg. The company will still operate its ecommerce site, which directs shoppers to Amazon to make purchases, and license the Toys ‘R’ Us brand to stores in non-U.S. The new entity opened stores at the Garden State Plaza in Paramus, N.J.

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WHP Looks Beyond Toys ‘R’ Us with $375M Investment from Ares

Retail TouchPoints

Brand management firm WHP Global has received a $375 million equity investment from funds managed by the private equity group of Ares Management Corporation to fuel its next wave of brand acquisitions. The transaction values WHP at $1.6

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Payless Relaunches E-Commerce Business, Plans To Open 300-500 Stores

Retail TouchPoints

When Payless ShoeSource filed for bankruptcy protection in February 2019, the company began two months of liquidation sales for its portfolio of approximately 2,500 North American locations and wound down its e-Commerce operations. In an interview with The Wall Street Journal , Margolis said “starting from scratch puts us in a good position.”

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Barneys Returns to Brick-and-Mortar with Limited-Time NYC Pop-Up

Retail TouchPoints

“The unique collaboration includes an extraordinary Hourglass & Barneys pop-up experience featuring an exciting curation of fashion and beauty brands, limited-edition products, exclusive merchandise, guest appearances, cultural events and more.”

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Barneys New York Finds a New Home at Forever 21

Retail TouchPoints

But the brands have one very important thing in common — they were both bought out of bankruptcy by brand management firm Authentic Brands Group. Barneys filed for bankruptcy in August 2019 and was bought by Authentic three months later for $271.4 Model Taylor Hill fronts the Forever 21 x Barneys collab.

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A Christmas Miracle? Toys ‘R’ Us to Open at American Dream Just in Time for the Holidays

Retail TouchPoints

Slated to open in mid-December, the new mall-based flagship follows on a 2019 attempt to revive the toy store chain via smaller mall locations that was thwarted by the pandemic. . stores in 2018, the Toys ‘R’ Us brand passed through a number of hands before being acquired by brand management firm WHP Global in March 2021.

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