Forever 21 closure leaves vacant space at the Mall at Johnson City

In less than a month, Forever 21 closed the doors of another of its stores in Costa Rica. With this, the brand, represented in the country by the franchisee AR Holdings, keeps in operation only two other premises.The establishment located in the Lincoln Plaza shopping center, in Moravia, is no longer in operation and placed white curtains to block the view inside the premises, as La Nación found on Tuesday.On 17 March, this newspaper reported on…

Forever 21 closure leaves vacant space at the Mall at Johnson City

JOHNSON CITY, Tenn. (WJHL) — The Forever 21 in the Mall at Johnson City closed on Sunday, leaving a large space vacant on the mall's top floor. The closure comes after the company filed for Chapter 11 bankruptcy and announced that many of its stores in the U.S. would shutter their doors. The mall's General Manager, Ashley Grindstaff, told News Channel 11 that the closure provides an opportunity to bring new offerings to the space, although exact…

Forever 21, a U.S. retailer who recently declared bankruptcy, is proposing that lenders who granted him collateralized loans obtain only between 2.36% and 3.01% of their share, according to the reorganization plan. These creditors, who filed claims for $1,090 million, would receive between 94% and 97% of the net income that will be earned in the bankruptcy case, while unsecured lenders, the remaining percentage.