Forever 21 files for bankruptcy

Forever 21 files for bankruptcy

Forever 21 which had over 800 stores in 57 countries filed for Chapter 11 bankruptcy protection on Sunday. The privately held company based in Los Angeles says it will close up to 178 stores. According to a press release, Forever 21 obtained $350 million ’to facilitate restructuring’: $275 million from JP Morgan Chase and $75 million from TPG Sixth Street Partners.

Sandra
Sandra
porcus
porcus 4 months

Reported for Business, not World.

Petri Fide
Petri Fide 4 months

Crap Chinese sweat shop outlet

NotACerealKiller
NotACerealKiller 4 months

Over 80 stores. Closes 178. Why are those two numbers so far apart.

Axel 3xA
Axel 3xA 4 months

forever 21 indeed

RJ of Cthulhu
RJ of Cthulhu 4 months

Good

RJ of Cthulhu
RJ of Cthulhu 4 months

Good

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