Who Owns Forever 21? | The Motley Fool

Which Company Owns Forever 21?

By Rachel Warren – Updated Nov 11, 2025 at 3:52 PM | Fact-checked by Parker Hicks

Key Points

Forever 21, a fast-fashion retailer, is shutting down despite efforts to rebound from bankruptcy.
Ownership of Forever 21 resides with Simon Property Group and Authentic Brands Group post-Brookfield's exit.
Investors can't buy Forever 21 shares, but they can invest in Simon Property Group or fast-fashion rivals.
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Owned by Simon Property Group (SPG -0.43%) and Authentic Brands Group, Forever 21 is a fast-fashion retailer that sells apparel, beauty products, and accessories. Their target customer base is primarily young women, but it sells products for women, men, and children, and shoppers across age ranges buy from its stores and online. However, times have changed, and Forever 21 has thrown in the maxi dress and will be closing its doors forever.

NYSE: SPG

Simon Property Group

Today's Change

(-0.43%) $-0.78

Current Price

$182.54

Key Data Points

Market Cap

$60B

Day's Range

$182.15 - $183.70

52wk Range

$136.34 - $190.13

Volume

Avg Vol

1.5M

Gross Margin

60.33%

Dividend Yield

4.63%

Fast Fashion

Fast fashion is a retail business model that capitalizes on runway and celebrity apparel trends.

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Law of Supply and Demand

The law of supply and demand is an economic theory asserting that supply and demand will meet each other at a certain equilibrium price.

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Alternative Investments

While Forever 21 may have gone the way of the dodo, that doesn't mean that the fast-fashion industry is an investing write-off. There are some other options to consider. Here are a few examples:

Industria de Diseno Textil Inditex (OTCMKTS:IDEXY): The owner of brands like Zara, Pull & Bear, Massimo Dutti, and Bershka controls a significant slice of the global fast-fashion market. One of its most well-known brands, Zara, controls a sizeable chunk of the fast-fashion market in the U.S. alone. The Inditex Group brought in about 38.6 billion euros (about $44.7 billion) in total sales in 2024.
American Eagle Outfitters (NYSE:AEO): The clothing and accessories retailer is known for its clothes targeting Gen Z and young adult shoppers. Total revenue in the company's fiscal 2024 rose 4% year over year.
Hennes Mauritz: The Swedish company is known for its eponymous brand, H&M, as well as brands like COS and Weekday. It reported revenue of approximately 339 billion Swedish krona (about $35 billion) in its last fiscal year..

Although you can't buy Forever 21 stock, you can invest in one of its owners, like Simon Property Group, or in a publicly traded rival. This can help you gain exposure to fast-fashion trends as you build out your investment portfolio.

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About the Author

Rachel Warren is a contributing Motley Fool stock market analyst covering pharmaceuticals, biotechnology, medical devices, information technology, and consumer goods. Prior to The Motley Fool, Rachel was a paralegal and legal administrator. She holds a bachelor’s degree in paralegal studies from Liberty University School of Law.

TMFRachelW

Rachel Warren has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Simon Property Group. The Motley Fool has a disclosure policy.