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Kohl's and Forever 21 Take Over 46 Mervyns Leases for Only $6.25 Million

22 Sites Are Macerich-Owned; Five Are DDR-Owned
By Sasha M Pardy
December 15, 2008 | 5:20 P.M.

Department store retailer, Kohl's, together with moderately priced fashion apparel retailer, Forever 21, prevailed in a joint bid at bankruptcy auction on Dec. 11 to take over the leases of 46 Mervyns stores. The stores account for about one-third of the 149 stores Mervyns announced would account for a full liquidation of the chain in October.

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