February 13, 2020 – DHC Partner of the Bankruptcy, Restructuring, and Creditor Rights practice Jonathan Pasternak, spoke to Footwear News and Women’s Wear Daily about the sale of fast-fashion retailer Forever 21 and the stalking-horse bid from licensing company Authentic Brands Group and landlords Simon Property Group and Brookfield Property Partners. Pasternak explained that the stalking-horse bid could be a viable option, since it would allow its stores to stay open, save jobs, and pay off some of the company’s secured debt.
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