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Forever 21 Plans Hundreds of Store Closures in Second Bankruptcy

Forever 21 is closing stores as its U.S. Operator is considering bankruptcy, following five years since escaping Chapter 11.
The company, headquartered in Los Angeles, is collaborating with restructuring adviser BRG to address financial issues and seek a buyer.
Competition from online retailers like Shein and Temu has impacted Forever 21's profitability, leading to potential liquidation talks.
The company is working with restructuring adviser BRG to find solutions for its financial troubles and potential buyers.

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Forever 21 will close 200 stores as they consider bankruptcy — and potentially shuttering all locations

Forever 21 has set plans to close 200 stores as the retailer is considering whether to file for bankruptcy a second time.

1 day ago·New Jersey, United States

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WPLG

Forever 21 plans more store closures, according to report

At least 200 more Forever 21 locations across the U.S. are expected to close, according to a report.It’s all part of the bankruptcy process filed earlier this week, according to a report by Bloomberg. The retailer currently operates nearly 350 stores and is still looking for a buyer for its remaining stores. According to the report, Forever 21 would be forced to liquidate the remaining stores if a buyer is not found. Under a partnership agreemen…

1 day ago·Miami, United States

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Newsweek

Is Forever 21 closing stores? What we know

Shoppers have noticed some Forever 21 stores closing as the retailer works on restructuring following its 2019 bankruptcy.

2 days ago·United States

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Kron 4 News

+5 Reposted by 5 other sources

Forever 21 may close remaining stores as second bankruptcy looms

(WJET/WFXP) — Fashion retailer Forever 21 has begun liquidation sales at several of its locations throughout the U.S. First reported by the Wall Street Journal earlier this month, citing anonymous sources familiar with the matter, the company is reportedly in talks with investors as part of a second bankruptcy process, which could begin as early as next month. Bloomberg and USA Today have also reported the chain is considering bankruptcy. At its…

2 days ago·San Francisco, United States

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Best Life

Forever 21 Could Close All 350 Locations as Bankruptcy Plans Loom

Brands with mall stores once ruled the retail scene, back when teens hung out in the food court, using their flip phones to call their parents for a ride. For this demographic, one of the most exciting stores was Forever 21. You could grab a cute little dress for under $20 or funky earrings for under $10. And there was just so much to choose from, all on-trend and dirt cheap. Sadly, though, this shopping rush has been replaced by digital retaile…

2 days ago

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