Forever 21 laying off more 350 workers, closing LA headquarters
- Fashion retailer Forever 21 is laying off more than 350 workers and shutting down its Los Angeles corporate headquarters, with layoffs starting on April 21.
- The company has not specified how many locations it is closing, but it plans to close nearly 200 stores according to Bloomberg.
- According to WARN notices, Forever 21's operating company is laying off nearly 700 people in California and Pennsylvania.
- This closure follows downsizing at Catalyst Brands, which confirmed that about 250 employees were let go last month.
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The rise and fall of fashion pioneer Forever 21
At its peak, Forever 21 operated 800+ stores worldwide and earned billions in revenue.
·Hartford, United States
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Forever 21 closes Los Angeles headquarters, signals bankruptcy
(The Center Square) - Iconic retail chain Forever 21 announced it is closing its Los Angeles corporate headquarters, adding another corporate exit from Southern California.
·Florida, United States
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Total News Sources29
Leaning Left5Leaning Right3Center11Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 26%
C 58%
R 16%
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