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Forever 21, Inc.

Private Company Ticker Symbol™: (FOREVP)

Business Summary

Forever 21, Inc. is a privately-held, fast-fashion retailer specializing in fashion apparel and accessories for women, men, and children through its stores and online. Forever 21, Inc. was founded in 1984 by Do Won and Jin Sook Chang, and has headquarters in Los Angeles, California.

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Overview & Corporate Organization

Basic Information

Company Tags:Minority Owned
Woman Owned
Year Founded:1984
Fiscal Year End:12/31
1YR Revenue Growth Rate:View %
3YR Revenue Growth Rate (CAGR):View %
1YR Employee Growth Rate:View %
3YR Employee Growth Rate (CAGR):View %
City:Los Angeles
State/Province:California
Country:United States
Phone:View
Fax:View
Website:www.forever21.com
Twitter:http://www.twitter.com/https://twitter.com/Forever21
Facebook:http://https://www.facebook.com/Forever21

Corporate Organization

Brands:
Forever21 Girls
Heritage 1981
Love21 Maternity
Forever 21+
21Men
XXI Forever
Love21
Founders:
Do Won Chang
Jin Sook Chang

Industry Information

Industry Codes

PICS™:400104™, 400112™, 400118™, 1200101™, 1200106™, 1200108
NAICS:View
SIC:View

The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.

Charts, Financials, and Statistics (Table Format)

Below are Forever 21, Inc. financials and other business metrics displayed in table format.
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Income Statement201220112010200920082007200620052004
Revenues ViewViewViewViewViewView$925,000,000$640,000,000
Employee Figures201220112010200920082007200620052004
Total EmployeesViewViewViewViewViewViewView11,5007,000
Productivity (Revenue/Employee) ViewViewViewViewViewView$80,435$91,429
Location Statistics201220112010200920082007200620052004
Total LocationsViewViewViewViewViewViewView355205
Revenues Breakdown201220112010200920082007200620052004
Online Revenues ViewView      
Notes
Financial Notes:
*Forever 21, Inc. fiscal year end: 12/31
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Charts, Financials, and Statistics (Graphs)

Below are Forever 21, Inc. financials and other business metrics displayed in table format.
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Forever 21, Inc. Revenues ($ MM):
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Forever 21, Inc. Total Employees:
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Forever 21, Inc. Productivity (Revenue/Employee) ($):
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Forever 21, Inc. Total Locations:
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Forever 21, Inc. Online Revenues ($ MM):
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Mergers & Acquisitions

PrivCo's M&A Activity table for Forever 21, Inc. displays the mergers and acquisitions involving Forever 21, Inc., for example if Forever 21, Inc. acquired or was acquired by another entity, any leveraged buyout (LBO), etc.
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DateStatusTargetBuyerDeal TypePrice
DetailsJul. 2003CompletedReference Co.Forever 21, Inc.Acquisition
Sec 363 Bankruptcy Sale
$3,500,000
DetailsMar. 2005CompletedGadzooks, Inc.Forever 21, Inc.Acquisition$33,000,000
DetailsJun. 2006CompletedView1ViewAcquisition
Asset Sale
View
Notes
1Included in the transaction are...Read More →
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Detailed Business Description: Forever 21, Inc.

PrivCo's Detailed Business Description explains the business operations, products and services, financial structure, and major business milestones of Forever 21, Inc. The first portion of PrivCo's Detailed Business Description is displayed below, free to view to non-subscribers.
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History

Operating in the Highland Park district of Los Angeles, Forever 21, Inc. first rooted itself in the fashion industry in 1984 as a small store named Fashion 21. While Forever 21's original target market was the Los Angeles Korean-American community, people from many other ethnicities and nationalities began noticing the trend-setting fashion designs. As an effect, the store became increasingly popular. As sales grew and the clientele expanded, founders Do Won Chang and Jin Sook Chang eventually expanded operations, and later changed the company name from Fashion 21 to Forever 21. 

Revenue Model

Forever 21 generates the majority of its revenue through online purchases and in-store sales. Its products include clothing, cosmetics, shoes, and swimwear. The company's philosophy for generating revenue is based around the mass production of fashion items. By mass-producing stylish clothing, cosmetic, and swimwear items, the company garners sales by offering lower-cost, chic… Continue Reading →

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Exhibits

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Supplemental Resources

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