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Forever 21 US Operating Company applied for bankruptcy on Sunday


Forever applied for the US operating company Chapter 11 bankruptcy Sunday, marked the second time in six years.

F21 Opco, affordable, known among young people, known in the tender, young and known among young people, could not find a buyer for about 350 US stores.

Most stores with Malls are complained that retailers, foot traffic and online retailers are complained to increase competition.

“De Minimis’s price and margin, as well as economic problems, economic problems,” Brad-selling, Brad Satan, “We could not find a sustainable way from foreign fast fashion companies.

Forever 21 is likely to close the rest of the shops remaining with the approaching second bankruptcy

Shein Popup Forever 21

Buyers walk past the past day of the opening day of fast fashion e-commerce giant, which is a brick and mortar pop-up in Ontario Mills shopping center on Octario 2023. (Allen J. Schaben / Los Angeles Times / Getty Images)

De Minimis is tariffs on imported items worth $ 800, who refuse standard customs procedures to the United States and are less than $ 800 sent to individuals. The largest E-commerce competitors Amazon, Shein and Temu to the company.

Forever was established in Los Angeles by South Korean immigrants in 21, 1984. Until 2016, there were around 800 shops with 500 stores in the United States.

Fast fashion of 21 fast fashion, which is fastest in the fastest 21-in fast fashion to satisfy Millennial Fomo

Eternal 21 in San Francisco

In San Francisco in San Francisco in San Francisco 29, 2019, walking on foot. (Justin Sullivan / Getty Images)

The dress chain faced his first visit to the first visit in September 2019 with his first visit, and during this period, 534 stores closed more than 150 stores and sold the rest.

Forever 21, currently the previous 21 owner of the previous 21 owner, Sparc Group and JC Penney, a store-chain that has a store chain since 2020, has a catalytic brands.

Forever 21 files for the protection of the bankrupt

Forever 21 store closing sale

A sign ad is displayed in a window in a window forever, ready to close in 2025 in San Francisco in 2025 in 2025. (Justin Sullivan / Getty Images)

Last month, a source familiar with the issue, a source of bankruptcy came to Bloomberg that the company is preparing to close at least 350 places in the bankrupt process.

Now F21 OPCO plans that reports Reuters Cancel sales While passing through the sale and marketing process controlled by the court for some assets or all assets.

Pressure from Shein is accelerating TEMU retail shutdowns

Forever 21 store front

Eternal 21 store in New York City on Friday, February, 7, 2025. (Yuki iWamura / Bloomberg Getty Imager / through Getty Images)

The shops and website in the United States will remain open and continue to serve customers and the neutralization of international stores.

The company evaluated his assets up to $ 700 million in Delaware district of Delaware, Delaware, Reuters, up to $ 700 million in Delaware district. The file showed that it was between 10,001 and 25,000 credits.

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Click here to read more in the fox work

In a successful sale, the operation exceeds the lasting operation forever, can move from full wind.

Forever 21 trademark and other intellectual property owns the original brands. Will continue to manage the brand that can live in an original form. Original Brand General Director Jamie Salter, last year he was the “greatest mistake I did” who has ever been to 21.

Fox work ‘Daniella Genovese and Reuters contributed to this report.



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