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Forever 21 files for bankruptcy, closes all U.S. stores amid financial struggles

Forever 21 has filed for bankruptcy protection for the second time and will close all U.S. Stores while evaluating future business options with partners or through selling assets.
F21 OpCo noted they could not find a sustainable path due to competition from foreign fast-fashion brands, according to Chief Financial Officer Brad Sell.
Neil Saunders from GlobalData stated that Forever 21's current store sizes contribute to its struggles in the market.

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The Atlantic

Forever 21’s Brief, Hideous Life

Farewell to a beloved purveyor of trash.

2 days ago·Washington, United States

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Mashable

The internet is mourning Forever 21

Forever 21? More like Never 21, am I right, fellas?According to CNBC, the fast-fashion company filed for bankruptcy protection for the second time in six years and plans to close all its U.S. stores. People online are devastated. It's the end of an era, and Forever 21 — and the internet — are blaming other fast-fashion retailers like Shein and Temu. This Tweet is currently unavailable. It might be loading or has been removed. This Tweet is curr…

2 days ago·United States

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Staten Island Advance

Popular mall retailer files for bankruptcy, will shutter all 540 stores

STATEN ISLAND, N.Y. -- Trendy fast-fashion retailer Forever 21 officially filed for bankruptcy on Sunday and has announced it will soon close all stores.

2 days ago·Richmond County, United States

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Bristol Post

Forever 21 files for bankruptcy amid fast fashion crackdown

The brand led fashion trends for much of the 2000s

2 days ago·Bristol, United Kingdom

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Rappler

Forever 21 in US files for bankruptcy again, to start liquidation sales

The company will continue to engage with potential buyers who wish to purchase some or all of its US business. Its international stores remain unaffected by the bankruptcy.

2 days ago·Philippines

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WABC

+7 Reposted by 7 other sources

Forever 21 files for bankruptcy; will shut down its U.S. operations

Retail chain Forever 21 announced it will enter bankruptcy proceedings for a second time, and is set to permanently close all its U.S. stores while it seeks a buyer for the company. The Los Angeles-based F21 as well as some of its U.S. subsidiaries entered into a plan with lenders for Chapter 11 protections in a Delaware U.S. bankruptcy court. In 2019, the fashion retailer filed for Chapter 11 in order to “facilitate a global restructuring” that…

2 days ago

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