Who Owns Forever 21

Who Owns Forever 21? A Brief History of the Iconic Clothing Company

Forever 21 is one of the world’s most iconic clothing brands. But who owns Forever 21? Here are some things to know about the company behind the globally-recognized fashion brand.

Who Owns Forever 21?

In this case, Forever 21 is owned by multiple private equity firms. KKR, Warburg Pincus, TPG Capital, and Sequoia Capital are the biggest partners.

At the time of this writing, Forever 21 had a market capitalization of around $5.2 billion. It was founded in 1990.

What Does Forever 21 Sell?

Forever 21 sells casual wear, fashion, activewear, accessories, and homewares.

It also offers home furnishings, shoes, cosmetics, and fragrances.

Forever 21 operates in almost 4,000 retail stores in the U.S. and 200+ in total. Its e-commerce is also popular.

See the full list of stores here.

What Are Some Forever 21 Fails?

There are certainly many hits and misses on Forever 21’s social media accounts.



Ken Grossman, the Co-Founder of Sierra Nevada Brewing Company

In 1973, Grossman co-founded Sierra Nevada Brewing Company in Chico, California.

Today, it is the 10th largest American brewery by volume and the largest in the state. Grossman and his partner, Ken Grossman, also had an active social life during their prime and partied together with Jerry Garcia, John Fogerty, Tim Robbins, and Johnny Cash.

Starting with a simple restaurant, Grossman went on to add other businesses. His iconic label, Sierra Nevada Brewing Co., is now the single-largest employer in Nevada and accounts for nearly 5% of the state’s total GDP.

After almost 40 years, he retired in 2001 and has since dedicated his time to campaigning against outdoor smoking bans in California.

Grossman also runs Forever 21’s board of directors.

Why Ken Grossman Sold His Company for $500 Million

One of Forever 21’s founders, Ken Grossman, spent his entire career with the company. In 2006, he sold his company, Pacific Sunwear of California, to TPG Growth for $500 million.

“Selling Pacific Sunwear was the best decision that I’ve made in my business career,” Grossman said in a statement at the time. “Pacific Sunwear is one of the few businesses in retail that is truly a unique one-of-a-kind business. As we become a public company, I plan to ensure that the new owner has the full support to continue on the path we’ve begun over the past 12 years.”

Related Link: A Look Back At The History Of Forever 21, Shopify, And More Tech IPOs

The End Of Forever 21

As The Motley Fool’s Daniel Kline wrote, sales were down 13 percent in its most recent earnings report.



Forever 21 is an American Retailer

Founded in 1990, Forever 21 began as a small Los Angeles-based retailer known as Zayre. In March 2009, the brand went public on the New York Stock Exchange (NYSE), raising $86 million. Zayre was bought out by its current parent company, Sun Capital Partners Inc., in the summer of 2008.

Websites, Stores, and Stores to Open Today! Forever 21 Black Friday Dresses: All the Details

The company’s first flagship store opened on Rodeo Drive in Beverly Hills, California, in 2004. Today, the company has more than 5,000 retail locations around the globe, with 1,500 in the United States alone. According to the company, it has seen triple-digit sales growth year-over-year for the last 13 consecutive years.

Founded by Yong Woo (Y.W.

A Brief History of the Company

A Brief History of Forever 21

The company was founded in 1985 by Do Won Chang, known as “D.C.” Chang. Forever 21 was the brainchild of Do Won Chang and three other friends. Together they created the first-ever Forever 21 concept store. Although there are two other Forever 21 stores, this is the original store where Chang began his business journey.

Forever 21 was officially founded in March of 1991. The original store was launched with a $500,000 investment. It was a move of incredible risk because no brand nor idea had been able to establish the level of success that Forever 21 has over the past 25 years.

It took six months for Forever 21 to get a space at the shopping center, and in its first year of existence, it managed to generate more than $250,000 in sales.



The Future of Forever 21

Over 1,000,000 customers browse through the clothing and accessories at Forever 21 stores worldwide every day. As of 2015, the company’s stores were located in the U.S., China, Puerto Rico, Singapore, and South Korea.

Unlike some of the other major fashion labels, the parent company of Forever 21 isn’t a major brand in itself. It’s called Shanghai-based, Hong Kong-traded Fosun International Limited.

Who Owns Forever 21?

Fosun International Limited owns 100% of Forever 21. That means it owns all of Forever 21’s stock, as well as all of its business operations.

Fosun International Limited isn’t the company’s only owner. It also owns a Chinese telecommunications company, Shanghai Hengrui Group.

Shanghai Hengrui Group is an electric utility company.

Thanks For Reading our Article; Who Owns Forever 21?

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