More than 350 locations will undergo liquidation sales as Forever 21 begins the bankruptcy process.
WASHINGTON — More than 350 Forever 21 clothing stores are beginning liquidation sales across the country as the company files for Chapter 11 bankruptcy protection amid declining mall traffic in the U.S.
According to bankruptcy paperwork filed Monday by F21 OpCo, which runs Forever 21 stores, the company will wind down business in the U.S. while determining if the brand can continue with a partner, or whether it will sell off some or all of its assets.
Forever 21 stores are located in 43 states and the U.S….
