So he stood, and he chatted, and he looked around. He was scanning for someone, and that someone came into view: Do Won Chang, who, with his wife, Jin Sook, had founded the retailer in Los Angeles in 1984, just a few years after they’d arrived from South Korea. Everyone, including Meyer—a senior executive at the company for almost a decade—called them Mr.and Mrs.Chang. “Mr.Chang needs you,” someone rushed over to tell him. “Oh, I have to go,” Meyer told a Bloomberg Businessweek reporter. Would he be in Los Angeles next week? “We never know where we’re going to be.”
Over the next two years, Meyer was everywhere, including Hong Kong, where he opened Forever 21’s most expensive store, in Causeway Bay. The rent was $1.4 million a month, he announced proudly on Bloomberg TV. And it wasn’t even the company’s biggest store. That was a 150,000-square-foot emporium in Fresno, Calif.
Denne historien er fra January 20, 2020-utgaven av Bloomberg Businessweek.
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Denne historien er fra January 20, 2020-utgaven av Bloomberg Businessweek.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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