NEW YORK (Bloomberg): As Forever 21's botched international expansion morphed into a money-loser, its owners turned to a funding source less likely to say no: their own children.
Founders Jin Sook and Do Won Chang borrowed US$5 million (S$6.9 million) in 2015 from the trusts for each of their adult daughters, Linda and Esther Chang, paying them 2 per cent interest.
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