Forever 21 files for Bankruptcy

Image result for forever 21 logo


Yesterday,  fast fashion retailer Forever 21 filed for Chapter 11 bankruptcy. As part of its restructuring strategy, Forever 21 plans to close most of their shops in Asia and Europe, but will continue operations in Mexico and Latin America. They will also close all their Canadian stores as a result of the bankruptcy.

This came as a shock to me because this is their second bankruptcy, and I thought Forever 21 was doing pretty well. But I guess not. It's sad to see them enter the retail graveyard.
Until next post,
DZ


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