Fast-fashion retailer Forever 21 files for bankruptcy, 2nd time in 6 yrs

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Fast-fashion retailer Forever 21 files for bankruptcy, 2nd time in 6 yrs - Business Standard

Quick Summary:

Forever 21 said it will conduct liquidation sales at its stores while simultaneously conducting a court-supervised sale and marketing process for some or all of its assets.

The move likely means liquidation for the company, which was unable to find a buyer for its roughly 350 US stores.

The company said its stores and website in the United States will remain open and continue serving customers, and that its international stores remain unaffected.