Forever 21 tops list of LA’s 100 largest minority-owned companies

June 10, 2015
Forever 21

Forever 21

Global clothing retailer Forever 21 topped a list of 100 largest minority-owned companies in Los Angeles County for the fifth year in a row, according to a ranking released Monday by L.A. Business Journal.

The company, owned by Chang Do-won, reportedly made $4 billion in sales last year.

Forever 21 was joined on the list by six other Korean-owned companies, including Pacific American Fish Company (No. 10), Koos Manufacturing (11), BankCard Services (22), TechLink Systems (33), Young Systems (34) and Lee & Ro (57).

At No. 2 was Newegg, an online computer hardware and software retailer, at $2.5 billion in sales.

Act 1, Panda Restaurant Group, Red Chamber Group and America Chung Nam followed.

By minority group, Mexican Americans topped the list with 22 companies, followed by Chinese Americans with 20.

Forever 21′s founders, Chang Do-won and Chang Jin-sook, were ranked No. 5 on the Journal’s list of 50 wealthiest people in the city this year. The couple’s assets are reportedly worth $6.8 billion.