FOREVER 21 FILES FOR BANKRUPTCY

Forever 21 is the latest retailer to file for bankruptcy. This marks another sour note for a retail organization that has been involved in sending diet bars with orders to lifting popular designs. According to court filings at the Bankruptcy Court for the District of Delaware, Forever 21 has estimated liabilities between $1 billion USD to $10 billion USD. The Chapter 11 gives Forever 21 the opportunity to continue operating its business while it works out a plan to pay its debts.

Advertisements