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Tag: forever

Here’s why Forever 21 went bankrupt

Forever 21 has long been a staple in America’s shopping malls. But after this holiday season, more of its stores will go dark. The fast-fashion retailer’s rapid expansion internationally took a toll on the company and contributed to Forever 21’s decision to file for Chapter 11 bankruptcy protection in September. At the time, it had …

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Forever 21 files for bankruptcy; closing up to 178 U.S. stores

Forever 21, the retailer that popularized fast-fashion in the U.S., filed for Chapter 11 bankruptcy protection with a plan to close most of its global locations.  The filing by the privately held, family-run chain, which operates 815 stores worldwide, was not unexpected as it comes after weeks of speculation. The formerly high-flying Forever 21 has …

Forever 21 files for bankruptcy; closing up to 178 U.S. storesRead More