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Authentic Brands, Owner of Forever 21 and JCPenney, Files for IPO

Retail TouchPoints

Through its SPARC Group joint venture with mall owner Simon Property Group , ABG has acquired companies including Lucky Brand , Nautica , Brooks Brothers , Forever 21 and most recently Eddie Bauer. In June 2020, ABG also bought fellow brand management company PVH Corp. ’s We are brand owners, curators and guardians.

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Bluestar Alliance Buys Scotch & Soda’s U.S. Business

Retail TouchPoints

An affiliate of brand management company Bluestar Alliance has purchased the U.S.-based based wholesale and retail business assets of the Scotch & Soda brand, which will allow its products to be sold in retail stores across the country. The Bluestar portfolio includes brands such as Brookstone, Bebe, Limited Too and Hurley.

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Forever 21 Finds New Home at JCPenney

Retail TouchPoints

Simon Property Group bought Forever 21 out of bankruptcy in partnership with fellow mall operator Brookfield Asset Management and brand management firm Authentic Brands Group in February 2020. Brookfield sold its stake in Forever 21 earlier this year, but maintains its co-ownership of JCPenney.

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Bluestar Revives Justice as Online-Only Retailer, Plans to Expand Tween Brand into Tech, Home

Retail TouchPoints

The tween retailer shuttered its remaining brick-and-mortar locations in late 2020 — which had numbered 2,800 at the brand’s peak — following the bankruptcy of parent company Ascena Retail Group.

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Famous Footwear Parent Caleres Outlines Executive Changes

Retail TouchPoints

During her career, Sullivan also worked with The Stride Rite Corporation as COO and held consumer brand management and sales roles at companies including M&M/Mars and The Mennen Company. Schmidt joined Caleres in 2009 as the company’s SVP and General Manager of Image Brands, becoming President of Contemporary Fashion in 2010.

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JCPenney Reduces Cart Abandonment 18% with AI-Powered Shopper Engagement Tool

Retail TouchPoints

” JCPenney — which was bought out of bankruptcy in December 2020 by mall operators Simon Property Group and Brookfield Asset Management alongside brand management firm Authentic Brands Group — has made a number of moves to streamline operations and up its game in the last year.

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Barneys New York Finds a New Home at Forever 21

Retail TouchPoints

But the brands have one very important thing in common — they were both bought out of bankruptcy by brand management firm Authentic Brands Group. Forever 21 also filed for bankruptcy in 2019 and was bought by SPARC , a joint venture between Authentic and mall owner Simon Property Group, for $81 million in 2020.