Fashion retailer Forever 21 lodges for Chapter 11 bankruptcy protection in the US

Forever 21 bankruptcy

Forever 21, the California-based fashion retailer has lodged for bankruptcy protection on Sunday in Wilmington, Delaware. The Chapter 11 bankruptcy filing allows Forever 21 to continue operating as it plans to close unprofitable outlets across the US. The firm said that it plans on exiting most of its international outlets in Europe and Asia. However, … Read more