Forever 21 Reportedly Considers Filing for Bankruptcy
- 5 years ago
Bankruptcy Rumors
Hit Retailer Forever 21 .
The chain, which started
in 1984, is located in
over 57 countries.
Worldwide, it has around
800 locations and had been
opening up new ones since 2016.
600 of them are in
the United States.
But according to 'Bloomberg,' unprofitable stores have led to the company meeting
with financial advisers and lenders.
'Bloomberg' adds that the retail chain may avoid the filing if it restructures its debt.
Forever 21 management has
not yet commented on the
bankruptcy rumors.
Should it file, Forever 21 would become the latest retail chain to fall victim to a
struggling sector in the U.S
Hit Retailer Forever 21 .
The chain, which started
in 1984, is located in
over 57 countries.
Worldwide, it has around
800 locations and had been
opening up new ones since 2016.
600 of them are in
the United States.
But according to 'Bloomberg,' unprofitable stores have led to the company meeting
with financial advisers and lenders.
'Bloomberg' adds that the retail chain may avoid the filing if it restructures its debt.
Forever 21 management has
not yet commented on the
bankruptcy rumors.
Should it file, Forever 21 would become the latest retail chain to fall victim to a
struggling sector in the U.S