NEW YORK, NY – August 14, 2019 — New York-based RCS Real Estate Advisors has been retained by prominent worldwide fashion retailer Forever 21 to help the company as they embark upon a transformation to restructure and restore their competitive position as a provider of fast fashion, announced RCS President and CEO Ivan L. Friedman. RCS will be assisting the company in creating and implementing an action plan to optimize their store fleet.
A preeminent advisory firm in the retail real estate industry, RCS has worked with leading retailers across America. They were recently awarded with the Cross Border Deal of the Year at the 11th Annual International M&A for the sale of Vitamin World Inc. to Feihe International. This is the fourth consecutive year that RCS has received a distinguished industry award for its outstanding work. Prior awards include the 2016 and 2017 M&A Advisor Award for Restructuring Deal of the Year and the 2018 TMA Annual Turnaround and Transaction of the Year Award.
About Forever 21: Forever 21, Inc., headquartered in Los Angeles, California, is a fashion retailer of women’s, men’s and kid’s clothing and accessories and is known for offering the hottest, most current fashion trends at a great value to consumers. This model operates by keeping the store exciting with new merchandise brought in daily. Founded in 1984, Forever 21 operates more than 815 stores in 57 countries with retailers in the United States, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Israel, Japan, Korea, Latin America, Mexico, Philippines, and United Kingdom.
About RCS Real Estate Advisors: RCS Real Estate Advisors was founded in 1981 by professionals with decades of retail experience. The firm specializes in analyzing retail real estate portfolios, reducing occupancy costs, and expanding footprints. Key transactional services include portfolio assessments, renewals, lease restructuring, terminations, dispositions, and site selection. RCS also operates as an outsourced real estate department for many of their clients, providing continuous management of portfolios to ensure the real estate performs at its optimal level.