Forever 21 files for Bankruptcy; to close all stores in Asia.

Online technology disruption is affecting the offline retail space.


Syamil Faisal

30 Sep, 2019

Forever 21 files for Bankruptcy; to close all stores in Asia. | BEAMSTART News

- From our Sponsors -

Forever 21 has filed for bankruptcy, making it one of the many retailers that are affected by the online shopping disruption.

The company is expected to close down all retail stores in Asia and Europe.

Forever 21 has 815 stores all over the world; now, they are pending approval for closing down 178 US stores.

JPMorgan Chase, TPG Sixth Street Partners, and affiliated funds financed $350 million to the apparel retailer to support their operation in bankruptcy.

With the injection of capital, Forever 21 said it intends to operate business as usual and will focus on the profitable core segment of the business.

- From our Sponsors -

Latest Jobs

Founding Software Engineer

Waypoint Transit

California,

Full Time

USD 120000 — USD 170000 yearly

AI Forward Deployed Engineer - Member of Technical Staff

Harper

California,

Full Time

USD 140000 — USD 230000 yearly

Founding Engineer - Hardware & Chip Design

Exa Laboratories

California,

Full Time

USD 150000 — USD 300000 yearly

Founding Engineer — AI Research Agents (Full-Stack)

Sixtyfour

California,

Full Time

USD 120000 — USD 200000 yearly

Founding Engineer

Miracle

California,

Full Time

USD 130000 — USD 190000 yearly

Software Engineer

Secoda

Ontario,

Full Time

USD 150000 — USD 200000 yearly

Engineering Manager

Karat Financial

California,

Full Time

USD 180000 — USD 200000 yearly

Full-Stack Engineer

maintouch

New York,

Full Time

USD 120 — USD 180 yearly

Founding Infrastructure & Security Engineer

Solve Intelligence

England,

Full Time

USD 120000 — USD 250000 yearly

Staff Software Engineer (Generalist)

Greptile

California,

Full Time

USD 240000 — USD 280000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).