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Forever 21 is No. 4 largest privately owned company in LA County

October 27, 2015
(Korea Times file)

(Korea Times file)

Forever 21, a Los Angeles-based global clothing retailer, was ranked the fourth-largest privately owned business in the county by L.A. Business Journal Monday.

According to the journal, the company made $4 billion in revenue last year, behind Dole Food Company, Capital Group and Trader Joe’s, which topped the list.

Trader Joe’s, which operates about 400 stores nationwide, saw about $13 billion in sales last year, an 18 percent increase from 2013.

Forever 21 saw little increase in revenue from 2013 to 2014, both years netting the retailer about $4 billion.

In June, it was named the largest minority-owned company in Los Angeles County for the fifth year in a row; its founders, Chang Do-won and Chang Jin-sook, have a reported asset of $6.8 billion, making them the fifth wealthiest couple in the city as of this year.

Four other Korean-owned companies ranked in the top 150: Superior Grocers (No. 21), Pacific American Fish Company (82), JC Sales (98) and Goose Manufacturing (117).