Fashion retailer Forever 21 Inc is preparing for a potential bankruptcy filing, ...
FILE PHOTO: Women shop for clothes in clothing retail store Forever 21 in New York August 19, 2013. REUTERS/Lucas Jackson
- Fashion retailer Forever 21 Inc is preparing for a potential bankruptcy filing, Bloomberg reported on Wednesday, citing people with knowledge of the plans. The company has been in talks for additional financing and is working with a team of advisers to help restructure its debt, but negotiations with possible lenders have so far stalled, Bloomberg reported.
Forever 21 is looking to secure a potential debtor-in-possession loan to take the company into Chapter 11, even as some window remains to strike a last-minute deal, the report added.Reporting by Rama Venkat in Bengaluru; Editing by Maju Samuel
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Forever 21 reportedly preparing potential bankruptcy filingApparel retailer Forever 21 is preparing to potentially file for bankruptcy, Bloomberg reported Wednesday afternoon, citing people familiar with its plans.
Lire la suite »
UK's Johnson says lawmakers likely to vote on his plans Oct 21-22British lawmakers are likely to vote on Prime Minister Boris Johnson's legi...
Lire la suite »
Ulta's Huge 21 Days Of Beauty Sale Starts This WeekendFrom September 1st through the 21st, Ulta Beauty will be dropping insane deals on its best-selling beauty products. Click for everything you need to know.
Lire la suite »
21 Artists on the Unique Joy of Performing at AfropunkThe annual festival celebrated its mission statement that says 'no' to hateful -isms and 'yes' to love.
Lire la suite »
Forever 21 reportedly preparing potential bankruptcy filingApparel retailer Forever 21 is preparing to potentially file for bankruptcy, Bloomberg reported Wednesday afternoon, citing people familiar with its plans.
Lire la suite »