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Fast-Fashion Retailer Forever 21 Files for Chapter 11 Bankruptcy Protection

Company Seeks to Close Up to 178 US Stores, Secures $350 Million for Restructuring
Forever 21 seeks to close stores across the United States and Canada. (iStock)
Forever 21 seeks to close stores across the United States and Canada. (iStock)
CoStar News
September 30, 2019 | 11:27 AM

Fast-fashion mall staple Forever 21, after months of speculation about its future, filed for Chapter 11 bankruptcy protection, joining the growing list of retailers that are closing stores this year.

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