Fashion retailer Forever 21 files for bankruptcy as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce
The company lists both assets and liabilities in the range of $1 billion to $10 billion, according to the court filing in the U.S. Bankruptcy Court for the District of Delaware.
With these funds, Forever 21 said it intends to operate business as usual and will focus on profitable core part of its operations. Founded in 1984, the retailer has 815 stores in 57 countries. Last week, it said it would exit Japan and close all 14 stores at the end of October.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Forever 21, Teen-Focused Retailer, Files for BankruptcyFast-fashion retailer Forever 21 filed for bankruptcy in the U.S. under chapter 11 and said it would wind down its Canadian operations.
Consulte Mais informação »
Forever 21 files for bankruptcyFashion retailer Forever 21 Inc said on Sunday it has filed for Chapter 11 bankr...
Consulte Mais informação »
Apparel retailer Forever 21 files for bankruptcyForever 21, whose aggressive real estate expansion weighed on its finances, has 815 stores globally.
Consulte Mais informação »
Forever 21 Files for BankruptcyThe fast-fashion chain is the latest victim of the changing retail landscape.
Consulte Mais informação »