Forever 21 has learned the hard way that the allegiance of teen shoppers is anything but everlasting. The fashion retailer filed for bankruptcy late on Sunday, saying it had obtained $350 million in financing to help it stay afloat.
The company, which shut its Dublin outlet last year, said it planned to close most of its Asian and European stores in order to focus on its core business in North America.
The bankruptcy is, of course, another...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team