 On February 2, 2020, it was announced that Forever 21 had reached a deal to sell all of its assets for $81 million to a consortium of mall operators Simon Property Group and Brookfield Properties, and brand management firm Authentic Brands Group, subject to approval by a bankruptcy court judge.Outside the United States, most of stores are franchised or, in some markets, operated in joint ventures with a local partners.The average store size is .