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Forever 21 Reportedly Considers Filing for Bankruptcy

2019-08-30 53 Dailymotion

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

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