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Forever 21 CEO Steps Down After Less than Two Years

Daniel Kulle reportedly resigned to explore other options

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Forever 21 is one retailer in Authentic Brands’ portfolio. Photography: Shutterstock.com

Daniel Kulle, CEO of Forever 21, has stepped down after less than two years in the position, reports WWD. According to an e-mail he sent to colleagues, Kulle said he had resigned the position two weeks ago and plans to take time off “to find out my next move.”

Kulle worked at H&M for 25 years before joining Forever 21 as CEO. Developers Simon Property Group and Brookfield Property Parterns, along with Authentic Brands Group, purchased the fast-fashion brand out of bankruptcy in February 2020 for $81.1 million.

Forever 21 is part of SPARC (Simon Properties Authentic Brands Retail Concepts) Group, which also owns Brooks Brothers, Aeropostale and Eddie Bauer.

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

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