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Forever 21 continues expansion by bidding for Gott
After snapping up 15 former Mervyns leases last year Lacoste Homme, Forever 21 is at it again.
The Los Angeles retailer Las mujeres los zapatos, known for its hip UGG Leather Boots 5587, affordable clothing www.pascherbelgique.com, has agreed to purchase three former Gottschalks stores and to take over as many as 14 of the bankrupt department store chain's leases www.giubottimoncler.com, according to Forever 21 Executive Vice President Larry Meyer.
" We're acquiring these locations which is consistent with our strategy to expand our fashion merchandise at great value to more customers Moncler 2011," he said.
The deal has to be approved during a bankruptcy auction scheduled for May 28 and other parties can still submit overbids. Among the leases that Forever 21 hopes to acquire include locations in Riverside www.jeanssalede.com, Bakersfield and Hemet www.uggbootsofficialonline.com, Meyer said.
After filing for Chapter 11 bankruptcy protection in January Stivali Timberland Uomo, Gottschalks announced in March that it planned to liquidate. The 105-year-old Fresno chain sold fashion apparel Damen, shoes www.timberlandscarpeit.com, accessories and home merchandise through 55 department stores and three specialty apparel stores www.zapatostiendas.com, mostly in California.
-- Andrea ChangForever 21 grows up and launches a contemporary line: Love 21Forever 21's plus-size line: Faith 21related articles:
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