The once-hot chain is dealing with falling sales after a period of rapid growth and expansion that included the opening of giant stores in cities like New York and Las Vegas
Teen retailer Forever 21 Inc. has hired restructuring advisers to help negotiate exits from stores and raise a new loan, according to people familiar with the matter, as the once-hot chain deals with falling sales and a cash crunch.
The chain’s founder, Do Won Chang, is looking to avert a bankruptcy filing and salvage his equity in the Los Angeles-based retailer after it used up a loan from JPMorgan Chase to cover losses rather than buy merchandise, the people said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Blake Lively Used to Wear Forever 21 on Red Carpets and Tell People 'It's Vintage'Blake Lively Used to Wear Forever 21 on Red Carpets and Lie and Say It Was Vintage
Consulte Mais informação »
Issa Good Guy: 21 Savage Donates $25,000 To Help Detained Immigrants Get Access To Legal Counsel21 Savage Made A Sizable Donation To The Southern Poverty Law Center 21 Savage just made a donation to the Southern Poverty Law Center, a nonprofit civil rights organization that was vital in assis…
Consulte Mais informação »
21 Things You Need If You're Overheated All The TimeHello sweaty summer, it's me.
Consulte Mais informação »
21 Pairs of Linen Shorts to Lighten Up Your Summer WardrobeSwap your denim cutoffs for something breezier.
Consulte Mais informação »
STX Shows Off Chadwick Boseman-Starrer ’21 Bridges’, Dave Bautista’s ‘My Spy’ & More – CineEuropeSTXinternational today made its second-ever appearance on stage at CineEurope, repped by John Friedberg and Llewellyn Radley who were respectively promoted to President of International and Managin…
Consulte Mais informação »