Forever 21 acquires 14 stores from rival Reference Co.
Young women's apparel chain Forever 21, Los Angeles, has purchased 14 stores and all remaining inventory from Reference Co., which has been under bankruptcy organization since January. The retailer opted not to buy two outlet locations but might retain the Reference name for some of the acquired stores. Forever 21 currently operates 153 stores in the United States and Canada. The chain wants to strengthen its presence in California, which is where 11 of the 14 Reference stores are located.
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