Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe
PYMNTS
SEPTEMBER 30, 2019
The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. The company is struggling with online competition and changing clothing trends, like sustainable fashion and secondhand clothing. Forever 21 plans to close up to 178 stores in the U.S.,
Let's personalize your content