Economic news

Forever 21 considering filing for bankruptcy

Fashion retailer Forever 21 Inc is planning for a potential insolvency filing, Bloomberg gave an account of Wednesday, referring to individuals with information of the moves.

forever 21Photo: Flickr

The organization has been in negotiations for extra financing and is collaborating with a group of consultants to help rebuild its debt, yet talks with potential moneylenders have so far slowed down, Bloomberg announced.

Forever 21 is hoping to verify a potential borrower under lock and key credit to bring the organization into Chapter 11, even as some window stays to strike a very late bargain, the report included.

The organization did not promptly react to a Reuters demand for comment.

To leave a comment you must or Join us

  • avatar-1022
    • #

    Oh no, I actually loved this store, maybe it is a plan for rebranding or something? Anyway, no one stays young forever.

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree