Forever 21 is not doing so well after only five years of escaping its filing for Chapter 11 bankruptcy.
According to CNBC and the Wall Street Journal, the fast-fashion retailer has been looking for a buyer for its U.S. leases. In January, it announced that it was considering other “strategic options” to help keep the company viable. The brand has also considered liquidation if it can’t find a buyer.
“The company, with over 500 stores, is working with restructuring adviser BRG to assess possible paths to address its financial challenges,” people familiar the matter told the Wall Street Journal. The company is also trying to find a buyer that could help the chain avoid bankruptcy, one of them said.”
Simon Property Group and…
