Reported about 15 hours ago
Forever 21's creditors, including suppliers and vendors, are facing substantial losses under the company's bankruptcy restructuring plan, with proposed recoveries of only 3% to 6% on $433 million in claims. The retailer's second bankruptcy filing in six years has raised concerns about the viability of its creditors and the livelihoods of their employees as they continue to grapple with mounting competition and operational challenges.
Source: YAHOO