Forever 21 creditors probe IP sale to Authentic Brands Group

Quick Summary:

The brand management firm quietly took full ownership of the retailer's trademarks and intellectual property licenses some time in the last five years.

The current bankruptcy process doesn’t affect the fact that the IP will continue to be solely owned by Authentic, the spokesperson also said.

The committee is alluding to a statement by Stephen Coulombe, co-chief restructuring officer of F21 OpCo, the entity that filed under Chapter 11 on March 16 and is essentially Forever 21’s U.S.operating company.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United States

Topics: 2020 Catalyst Last Property Sparc Intellectual Ownership Group Authentic Brands Bankruptcy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 11:43:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 27924973

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