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Fashion retailer Forever 21 has filed for bankruptcy and is preparing to shut down all store locations in the United States.
The retailer’s U.S. operating company filed for bankruptcy Sunday — for the second time in six years — in a court in Delaware, citing fierce competition from foreign fast fashion retailers.
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One of the primary reasons for Forever 21's bankruptcy filing is competition from Shein and Temu, something the head of Authentic Brands, the fast fashion retailer's brand and intellectual ...
This is the second time Forever 21's operators has filed for bankruptcy, with the first occurring in 2019. Authentic Brands, Forever 21's brand and intellectual property owner, and mall owners ...