Forever 21 Files for Chapter 11 Bankruptcy Again Amid Economic Challenges

Reported 1 day ago

Forever 21 has filed for Chapter 11 bankruptcy for the second time, citing rising inflation and fierce competition as major factors. The retailer, known for its affordable fashion, is struggling with increased costs and competition from online brands. The company plans liquidation sales while exploring potential asset sales to continue operations if successful. This bankruptcy follows a tumultuous period especially affecting retail markets.

Source: YAHOO

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