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Forever 21, officially F21 OpCo LLC, is a fast-fashion retailer founded in 1984 in Los Angeles. Known for its trend-driven apparel and affordable pricing, it expanded globally. Operating under SPARC (a joint venture of Authentic Brands Group and Simon Property Group), the brand filed for Chapter 11 bankruptcy again in March 2025, resulting in the permanent closure of all U.S. stores by May 1, 2025. International operations continue under licensing arrangements.
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