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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.


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  • avatar-1022
    Stacey
    • #

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


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