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Forever 21 Snapped up by Mall Owners, Authentic Brands

‘Unhealthy Partisanship’: Move Afoot to Improve the Workings of Parliament

Canada’s Parliament is increasingly moving away from forming decisions based on debates, with decisions instead largely dictated by parties or party leaders, says a veteran MP. A recent report backs up this view, showing the majority of MPs believe that “unhealthy partisanship” has become more prevalent in Parliament, with democratic practices declining, particularly in the areas of MP independence and debates. In the current minority Parliament, some MPs are working toward modernizing the House in order to increase efficiency and eliminate parliamentary dysfunction, among other issues that have long plagued the legislative body. Engaged in the discussions is Conservative MP Michael Chong, who has been committed to democratic reform ever since he was elected in 2004. In his view, Parliament has increasingly gravitated toward conformity to the point that new…

Forever 21 Snapped up by Mall Owners, Authentic Brands

Forever 21 has a new lease on life after Simon Property Group Inc, Brookfield Property Partners LP, and Authentic Brands Group agreed to acquire the bankrupt teen fashion retailer.

Brand management company Authentic Brands said on Feb. 19 it and mall owner Simon Property would own 37.5 percent each of the retailer, while Brookfield Property would buy 25 percent of the intellectual property and operating businesses.

Forever 21 Snapped up by Mall Owners, Authentic Brands A view inside a Forever 21 store in Union Square in Manhattan, N.Y., on Sept. 12, 2019. (Drew Angerer/Getty Images)

Financial terms of the deal were not disclosed.

Forever 21, which has 593 stores in 57 countries, will continue to operate in U.S. and international markets, Authentic Brands said.

Forever 21 filed for Chapter 11 bankruptcy protection in September, making it another victim of the rising popularity of online shopping and changing fashion trends dictated by millennial shoppers.

Forever 21 Snapped up by Mall Owners, Authentic Brands A view inside a Forever 21 store in Union Square in Manhattan, New York City on Sept. 12, 2019. (Drew Angerer/Getty Images)

The retailer’s current, owned store operations in Central America, South America, Mexico, the Philippines, and the Caribbean would be converted to a licensed partnership model.

The new owners are also working with existing and new partners to expand Forever 21 across key territories, including South America, China, the Middle East, and India, Authentic Brands said.

By Aishwarya Venugopal

This article is from the Internet:Forever 21 Snapped up by Mall Owners, Authentic Brands

Shaking Hands With Bad State Actors Not Smart ‘Chess’

News Analysis Diplomatic relations is a chess game, one that Prime Minister Justin Trudeau didn’t play very well when he had a friendly handshake with Iranian Foreign Minister Javad Zarif, says former cabinet minister and longtime MP David Kilgour. “You need to know how to move your pieces in a way that you’re going to serve your country and its interests, and not serve the interests of the other country, which is trying to hurt you in every way it can,” Kilgour says. Images of Trudeau greeting Zarif with a friendly handshake and bowing his head on the sidelines of the Munich Security Conference on Feb. 14 was shared widely by Iranian state media, with critics raising concerns that the prime minister is being used as a propaganda prop by…