'Forever 21 Seeks Rent Concessions As Fast Fashion Brand Faces Financial Woes' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Forever 21 is seeking rent concessions as it faces financial struggles. This move indicates the fast fashion brand's ongoing financial woes and could impact its landlords, including Simon Property Group (SPG).
June 21, 2024 | 12:52 pm
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Simon Property Group (SPG), a major landlord for Forever 21, may face revenue impacts as the fast fashion brand seeks rent concessions due to financial struggles.
Forever 21's request for rent concessions suggests financial instability, which could lead to reduced rental income for SPG, a significant landlord for the brand.
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