Forever 21 Inc. Has filed for bankruptcy security, adding another big fashion trade to the tally of traders who couldn’t cope with high charges and heavy rivalry.
Court papers filed in the Bankruptcy Court for the District of Delaware show Forever 21 has projected liabilities on a joined basis of between $1 billion and $10 billion. The Chapter 11 filing permits the Los Angeles-based firm to keep working while it the whole thing....
Tags : Forever 21, Bankruptcy, Retail, Court, Liabilities, Funding,
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