Forever 21 Plans to File for Bankruptcy as Early as Sunday – The Wall Street Journal

0
5
Forever 21 Plans to File for Bankruptcy as Early as Sunday – The Wall Street Journal


Retail chain Forever 21 Inc. is planning to file for bankruptcy as early as Sunday after facing a cash crunch for months, according to people familiar with the matter.

The company has been searching for a new loan for months to stave off bankruptcy, the people said, who said the company would file in Delaware. Forever 21 is planning to shut down some of its more than 700 stores in bankruptcy, one of the people said.

Forever…

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here