The Native Realty CEO was quoted in the Miami Herald for the second time in a week. Sturgis discussed Forever 21’s decision to close its Lincoln Road store as part of the retailer’s Chapter 11 filing.
What does Forever 21’s likely exit from Lincoln Road say about Miami Beach?
Jaime Sturgis told the Miami Herald he was not surprised by the retailer’s decision to move on from Miami Beach
“But the move didn’t surprise Jaime Sturgis, CEO of Fort Lauderdale-based Native Realty, who was not involved in the transaction. “This is an opportunity for [Forever 21] to trim the fat,” he said.”