Reported 2 days ago
Forever 21 is set to close nearly 200 stores as it enters a second bankruptcy, with reports indicating that the process could begin next month. If a buyer for the remaining stores isn't found, the retailer may liquidate its entire chain of about 350 stores. The brand's trademark is owned by Authentic Brands, which plans to license Forever 21 to other retailers regardless of the bankruptcy outcome.
Source: YAHOO