Search results
Sep 30, 2019 · SINGAPORE - It appeared business as usual on Monday (Sept 30) at Forever 21's only remaining store here, at 313 @ Somerset, even after the global fashion retailer announced that it has filed...
- Starting from Scratch
- A Family Affair
- Former Billionaires
- Tapping Daughters' Trust Funds
- Courting Controversy
Mr Chang and his wife immigrated to California from South Korea in 1981, when he was 18. When he was working at a Los Angeles petrol station, Mr Chang noticed the most expensive cars were driven by fashion retailers. He opened his first shop three years later, blocks away from the couple's one-bedroom flat where they eventually brought up their dau...
The Changs, who have 99 per cent ownership of Forever 21, roped their daughters in to help with the franchise. Elder daughter Linda, who is in her late 30s, is an executive vice-president while Esther, in her early 30s, is the vice-president of merchandising. Linda got an undergraduate business degree from the University of Pennsylvania, while Esth...
Mr Chang and his wife were billionaires until their fortunes tumbled in July this year, according to Forbes. In 2015, the couple had an estimated total net worth of US$5.9 billion (S$8.2 billion), but this amount fell to a combined US$600 million this year, ahead of the bankruptcy filing. Earlier this year, the company reportedly sold its headquart...
The Changs dipped into their daughters' trust funds to keep the company afloat. They borrowed US$5 million in 2015 from the trusts for each of their daughters, paying them 2 per cent interest. Linda and Esther are now named as unsecured creditors of their parents' company in filings on Monday with Forever 21's bankruptcy. Despite its size and profi...
Forever 21 and Riley Rose courted controversy when singer Ariana Grande sued Forever 21 in September this year for US$10 million. Grande accused both companies of misappropriating her name, image, likeness and music - such as employing a "strikingly similar" looking model - in a website and social media campaign early this year. The company is no s...
Oct 1, 2019 · Forever 21 files for bankruptcy: Founders borrowed daughters' trust funds as sales soured. Founders Jin Sook and Do Won Chang (pictured) borrowed US$5 million (S$6.9 million) in 2015 from the...
Shop Forever 21 Singapore Fashion For Women Online at ZALORA Singapore Now! | FREE Delivery Above $40 Cash On Delivery 30 Days Free Return.
Aug 25, 2023 · Singapore-based Shein said on Thursday (Aug 24) it has partnered with SPARC Group, a joint venture between Forever 21 owner Authentic Brands and mall operator Simon Property, as the online...
Oct 1, 2019 · SINGAPORE — A move in the United States to place fashion retailer Forever 21 under bankruptcy protection will not affect operations at its remaining Singapore outlet at 313@Somerset, a...
Forever21_Singapore. 543 likes. Official Forever 21 Singapore Welcome to #Forever21Singapore! We've got the latest trends, styles & and most-wanted pieces up to date
