Connect with us

Business

Forever 21 is considering potential bankruptcy filing

Published

on

American clothing retail brand Forever 21 might file a potential bankruptcy soon. For the purpose of additional financing, the company was in talks but the negotiations haven’t reached anywhere. 

If the company files for bankruptcy then it can shut down unprofitable stores and will, in turn, recapitalize the business. Meanwhile, the company is trying to get a debtor-in-possession loan.

Facebook Comments

Author at Ludhiana Live Media. Her work combine elements of magic realism, satire and historical fiction – Based in Ludhiana and India.

Advertisement

Trending