Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Forever 21 can be one step closer to close transactions in the United States after submission for the bankruptcy protection.
The company said that his shops and the website of the United States will be open as “starting the winding process.”
Forever 21 was once the favorite of young women all over the world, but the price fought to attract customers to customers for growing popularity of prices and online shopping.
Applied for bankruptcy protection for the company For the first time In 2019, a group of investors bought through the joint venture.
“The external fast-factic companies competition and increased costs, economic problems affecting our main customers, the company said the company’s head financial officer.
The company said that the sales of liquidation will be sold in stores and some assets will be sold in the process of supervising the court.
“In a successful sale, the company can move away from the full wind,” he said in a statement.
Chapter 11 fulfills their obligations to a US company’s creditors to protect protection, reorganize their debts or sell parts of the work.
Outside 21 sex and e-commerce platforms are managed by other license owners and will not be affected by the bankruptcy document.
Fast fashion retailer was founded in Los Angeles in 1984 by South Korean immigrants.
Its cheap, fashionable clothes and accessories became increasingly popular in the next few decades and became the opponent of fast fashion giants such as brand Zara and H & M.
In 2016, there were 21 shops in the world in the highest peak, 500 around the world in the United States.
