Keith Morrison with Dateline NBC (hoot) wrote in ohnotheydidnt,
Keith Morrison with Dateline NBC
hoot
ohnotheydidnt

Forever 21 may be filing for bankruptcy


The company has been looking for lenders to help it deal with its mounting debt, but talks have stalled, leading to the bankruptcy discussion. If this happens, unprofitable stores will close.

This could be a huge problem for remaining malls in the United States, as Forever 21 is one of the last remaining major mall chains. According to Simon Property Group, one of the country's biggest mall owners, Forever 21 is the sixth largest tenant in their malls. This would lead a lot of open space which would be difficult to fill, and might lead to further mall closures.

Source

Will you be going to the Forever 21 going out of business sales?
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Tags: celebrity designers / fashion, legal / lawsuit
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