The new owners of fast-fashion retailer Forever 21 have named former H&M US president Daniel Kulle as chief executive to steer the business out of bankruptcy.
Kulle, who worked at the Swedish fast-fashion giant for more than two decades, will take over as Forever 21ās chief executive, according to the brandās new owner Authentic Brands Group (ABG).
German-born Kulle was hailed a āwell-respected, progressive fashion executive,ā by ABG chief executive Jamie Salter, and will be tasked with modernising the brandās content and social media strategies.
He will also work with the brandās leadership to āevolve Forever 21ās sustainability initiativesā and focus on āre-energising core product categories, and integrating those offerings into the Forever 21 shopping experience both in-store and onlineā.
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