Forever 21 Files for Bankruptcy, Blames Fast Fashion Stores
Fashion retailer Forever 21 is collapsing, with all remaining US stores set to close unless a buyer acquires the company. The chain blames competition from foreign fast fashion companies like Temu and Shein for its demise. With $1.6 billion in debt, Forever 21 will “wind down” its operations nationwide if an investor doesn’t step forward. … Read more