Forever 21, Teen-Focused Retailer, Files for Bankruptcy

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Forever 21, Teen-Focused Retailer, Files for Bankruptcy
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Fast-fashion retailer Forever 21 filed for bankruptcy in the U.S. and said it would wind down its Canadian operations

P.R. VenkatFast-fashion retailer Forever 21 Inc. filed for bankruptcy in the U.S. under chapter 11 and said it would wind down its Canadian operations.

The moves are part of a global restructuring under which the Los Angeles-based company will exit most of its international markets in Asia and Europe but keep operating in Mexico and Latin America, Forever 21 said late Sunday.

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