Discount department store Century 21 is plotting a comeback. The New York City-based retailer, known for its designer deals on Chanel, Prada and Valentino, is relaunching this year after going bankrupt in 2020 and liquidating its stores, in part as a result of the coronavirus pandemic, FoxBusiness.com reported. The first store to reopen, meanwhile, will be overseas. The Gindi family, owners of the store for 60 years, bought back the intellectual property of the Century 21 brand, which had 13 store locations in New York, New Jersey, Pennsylvania and Florida. The store will continue operate as a family-run business, Century 21 said. The first store to reopen, meanwhile, will be located in South Korea, a move the company says was in place before the pandemic. The retailer will launch in the city of Busan this summer, whileeying a relaunch in the U.S., starting with New York. Details are slated to be announced in the coming weeks.
