FOREVER 21 FILES FOR BANKRUPTCY

September 30, 2019

Jeff Schear / Stringer

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On Sunday 9/29 Forever 21 announced that it filed for Chapter 11 bankruptcy.

The chain said it will file a motion to close up to 178 of its more than 800 stores

In a statement Forever 21 said  “We do however expect a significant number of these stores will remain open and operate as usual, and we do not expect to exit any major markets in the U.S.,”