FOREVER 21 AGREES TO SELL OFF ITS ASSETS FOR $81 MILLION

Highlights

• Sells off assets for $81 million

Forever 21 has got into an agreement with a group of companies to sell off its assets for $81 million, four months after filing for Chapter 11 bankruptcy.

According to a CNN source, Forever 21's assets will be sold to group of companies consisting of Simon Property Group, Brookfield Properties and brand management company Au....