Teenage Brand Forever 21 Filed for Chapter 11 Bankruptcy. Decided to Close its Numerous US Stores and Exit from Europe and Asian Market

Teenage Brand Forever 21 Filed for Chapter 11 Bankruptcy. Decided to Close its Numerous US Stores and Exit from Europe and Asian Market

Forever 21, is one of the most liked clothing brands, specifically amongst teenagers. It is a teenage clothing brand that rode American malls boom and bust. Recently on Sunday the brand is filed for Chapter 11 bankruptcy. According to the chain they are planning to mend its overall global business. Reportedly, chain is closing approximately 200 stores, in the United States and planning to exit most of its international locations those are in Europe and Asia. However, company is planning to operate continuously in Mexico and Latin America. The brand…

Read More