# Forever 21

> Canadian clothing store chain owned by YM Inc and former American fast fashion retailer

**Wikidata**: [Q1060537](https://www.wikidata.org/wiki/Q1060537)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Forever_21)  
**Source**: https://4ort.xyz/entity/forever-21

## Summary
Forever 21 is a Canadian clothing store chain currently owned by YM Inc and a former American fast fashion retailer. Established in 1984, the organization operates as a brick-and-mortar business focused on the retail sale of clothing. It is affiliated with Authentic Brands Group and was founded by Korean-born American businessman Do Won Chang.

## Key Facts
- **Inception:** The company was founded in 1984.
- **Current Status:** It operates as a Canadian clothing store chain owned by YM Inc.
- **Former Status:** It was previously an American fast fashion retailer.
- **Founder:** Do Won Chang, a Korean-born American businessman.
- **Ownership:** Brand development and licensing are managed by Authentic Brands Group.
- **Industry:** The entity operates within the retail, clothing, and business sectors.
- **Business Model:** It is classified as a brick-and-mortar organization, relying heavily on physical stores.
- **Locations:** The entity is associated with Los Angeles, Canada, and the United States.
- **Websites:** Official online presence includes https://www.forever21.com/ and https://urban-planet.com/pages/forever-21.
- **Aliases:** Also known as Forever 21, Inc. and Forever21.

## FAQs
**Who owns and operates Forever 21?**
Forever 21 is currently a Canadian clothing store chain owned by YM Inc, while its brand development and licensing are handled by Authentic Brands Group.

**Who founded the company and when?**
The company was founded in 1984 by Do Won Chang, a Korean-born American businessman.

**What type of business is Forever 21?**
It is a brick-and-mortar retail business that focuses on the sale of clothing, having previously operated as an American fast fashion retailer.

**Where is the company located?**
The entity is connected to Los Angeles, California, as well as the broader regions of Canada and the United States.

## Why It Matters
Forever 21 holds significance in the retail and clothing industries as a prominent example of a brick-and-mortar business transitioning from an American fast fashion model to a Canadian-owned chain. Its operations impact the physical retail landscape, particularly in Los Angeles and across North America. The involvement of Authentic Brands Group highlights its role in the broader ecosystem of brand management and licensing within the fashion sector.

## Notable For
- Being founded by Do Won Chang, a Korean-born American businessman.
- Originating in Los Angeles in 1984.
- Operating as a brick-and-mortar business heavily reliant on physical facilities and stores.
- Transitioning from an American fast fashion retailer to a Canadian chain owned by YM Inc.
- Maintaining a dual online presence through urban-planet.com and its primary domain.

## Body

### Origins and History
Forever 21 was established in 1984, marking its inception as a retail organization. The entity was founded by Do Won Chang, a Korean-born American businessman whose occupation is listed within the business sector. The company's origins are tied to Los Angeles, the seat of Los Angeles County and the largest city in California. Los Angeles itself was incorporated in 1781 and is a major city within the United States, which gained independence in 1776.

### Ownership and Affiliations
The corporate structure of Forever 21 involves distinct ownership and operational roles. Currently, the Canadian clothing store chain is owned by YM Inc. Additionally, the brand is affiliated with Authentic Brands Group, a brand development and licensing company. Authentic Brands Group was founded in 2010, is headquartered in New York City, and operates within the industry of brand management. The company operates out of the United States, which shares a continent with Canada, a country that formed in 1867 through the Canadian Confederation.

### Business Operations and Industry
Forever 21 functions primarily as a brick-and-mortar business, a class of organizations that rely heavily on buildings and physical stores for their operations. Its core industry is retail, defined as the sale of goods and services to the end-user. The specific product focus is clothing, covering worn on the body. The entity is classified broadly under the category of business, denoting an organization undertaking commercial, industrial, or professional activity.

### Geographic Presence
The entity maintains a geographic footprint spanning North America. It is explicitly linked to Canada, a country in North America, and the United States. Its roots are in Los Angeles, a major urban center in the United States. This connection places the entity within the economic and cultural context of these specific nations and cities.

### Digital Presence
Forever 21 maintains an online presence through specific digital properties. The entity is associated with the websites https://urban-planet.com/pages/forever-21 and https://www.forever21.com/. These platforms serve as the digital extension of its retail and clothing operations.

## References

1. Global LEI Index
2. Freebase Data Dumps. 2013
3. [Source](https://ym-inc.com/brand/)
4. Name Suggestion Index
5. [Source](http://km.aifb.kit.edu/services/crunchbase/)
6. YouTube API