Forever 21's new co-owner Authentic Brands Group has announced that it has appointed former H&M Executive Daniel Kulle as the new Chief Executive Officer of the bankrupt apparel retailer. 

Kulle worked with H&M for two decades, most recently as Strategic Adviser to former H&M Group Chief Executive Karl-Johan Persson. He will work to strengthen Forever 21's loyalty program and improve its online and in-store shopping experience. 

Authentic Brands Group earlier announced that it had partnered with mall owners Simon Property Group Inc and Brookfield Property Partners, to acquire Forever 21. 

Read more via theindustry.fashion.