Forever 21 is facing the possibility of closing 200 stores or potentially all of its 359 U.S. locations amid considerations for a second Chapter 11 bankruptcy. The brand's management, under Catalyst Brands, is actively exploring strategic options, including possible sales, to stabilize operations. The ongoing situation echoes challenges faced by other retailers, including Joann, highlighting the precarious state of the fast-fashion industry. The company's fate remains uncertain as final decisions regarding its future are yet to be made.
Forever 21 may close 200 locations in the United States as part of a potential second bankruptcy process that the retailer is considering. If Forever 21 can't find a buyer during the bankruptcy process, the chain would reportedly close all of its remaining U.S. stores.
Catalyst Brands owns other retailers including Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand, and Nautica. Last month, it said publicly that it was "exploring strategic operations" for Forever 21.
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