Burgeoning Teen Retail Chain Shutting its Doors After Tragic Accident
German entrepreneur Rainer Schulz was an old hand at setting up fast-fashion stores across Europe under such nameplates as Forever 18 and Colloseum. Three years ago, the veteran retailer ventured across the ocean to expand his clothing store empire to Southern California. In October 2010, Schulz opened his first My Fashion Club store in Canoga Park, Calif. Three more California stores — in Glendale, Northridge and Bakersfield — followed. But all four stores are closing after Schulz, 52, died when the Cessna 750 Citation X corporate jet he was piloting crashed on March 1 in Egelsbach, Germany.