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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356 Articles
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…
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