Is Forever 21 owned by Shaquille O'Neal?

No, not directly. However, Shaquille O'Neal is the second-largest individual owner of Authentic Brands Group, which co-owns Forever 21 with Simon Property Group.

Who currently owns Forever 21?

Forever 21 is owned by Simon Property Group and Authentic Brands Group.

Is Forever 21 made by Shein?

No, but Forever 21 sells its products on Shein's website. Shein also owns a stake in SPARC Group, the company that runs Forever 21. SPARC Group is a joint venture between Forever 21's owners, Simon Property Group and Authentic Brands Group.

Who just bought Forever 21?

Simon Property Group, Authentic Brands Group, and Brookfield Property Partners bought Forever 21 out of bankruptcy in 2020. Brookfield later sold its stake, leaving Simon Property Group and Authentic Brands Group as owners.

Who Owns Forever 21? Top Shareholders

Who Owns Forever 21? Top Shareholders & Board of Directors

By Rachel Warren – Updated Mar 23, 2026 at 4:52 PM EST | 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.

Owned by Simon Property Group (SPG +0.65%) 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.

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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.

FAQ

Who Owns Forever 21: FAQ

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.

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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.