Forever 21 Considers Filing Bankruptcy

Forever 21 Considers Filing For Bankruptcy, Reports

Shopping mall staple Forever 21 is reportedly preparing for a potential bankruptcy filing, according to The Topline: Bloomberg. A bankruptcy filing could help Los Angeles-based Forever 21 cut under-performing locations and recapitalize the business. The privately-owned business does not release financials but one industry analyst told they estimated that sales dropped by 20% or 25% last year .

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