Forever 21 will close 200 stores amid bankruptcy proceedings by lisettevoytko
The fast-fashion retailerChapter 11 bankruptcy in September, and closing 200 stores allows the company to restructure and may help it stay afloat.
A provision of Chapter 11 allows struggling retailers to easily get out of leases and close stores at a lower cost., Forever 21 will exit most international markets, including Asia, Europe and Canada, and will focus on the U.S., Mexico and Latin America.more stores in the first half of 2019 than the entirety of 2018.over the past 20 years.
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