Parent Company of Forever 21, Authentic Brands Group (ABG) has announced a partnership with AR Holdings to expand the brand’s presence in Latin America.
Authentic Brands Group purchased Forever 21 earlier this year with SPARC Group, and currently the brand has 550 stores in 27 countries across the world. This new partnership will see AR Holdings distribute Forever 21 through wholesale, e-commerce channels and bricks-and-mortar stores in nine countries across Latin America including: Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Panama and Peru.
“Over the last eight years, Forever 21 has established a strong foothold in Latin America and we are excited to launch the next phase of its growth in the region. AR Holdings is an experienced leader in the Latin American retail market with vast expertise in the fashion, home, and restaurant industries. We look forward to kicking off this long-term partnership,” commented Jarrod Weber, Group President for Lifestyle and Chief Brand Officer at ABG.
John Keith, President at AR Holdings, commented: “Our partnership with ABG for Forever 21 in nine countries across Latin America is a major accomplishment for AR Holdings and clearly reflects our determination to continue growing our business throughout the region.”