Forever 21 plans to go bankrupt on Sunday



[ad_1]

The store chain Forever 21 Inc. plans to file for bankruptcy next Sunday, after facing a lack of cash for months, according to people close to the record.

The company has been looking for a new loan for months to guard against bankruptcy, said people who said the company would file in Delaware. Forever 21 plans to close some of its more than 700 bankruptcy stores, said one of the people.

Forever…

[ad_2]

Source link