Published on: March 18, 2025 05:55 (EAT)
Shoppers enter a Forever 21 fashion retail store at the King of Prussia mall in King of Prussia, Pennsylvania, U.S. September 30, 2019. REUTERS/Mark Makela/File Photo
Apparel retailer Forever 21 said Monday it commenced voluntary bankruptcy proceedings in the United States, beginning plans for an “orderly wind down” of US stores, while pursuing in parallel a possible sale.
The fast-fashion giant, in concert with its lenders, plans liquidation sales at US stores “while simultaneously conducting a court‑supervised sale and marketing process for some or all of its assets,” according…
