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Forever 21 Files Chapter 11 Amid Fierce Competition

3/17/2025

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Summary

Story summary

Forever 21's U.S. operator has plunged into Chapter 11 bankruptcy for the second time since 2019, grappling with fierce online competition. With assets valued between $100 million and $500 million and staggering liabilities of up to $5 billion, the brand vows to keep its stores and website running while seeking potential buyers to revive its fortunes.

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Story summary

Forever 21's U.S. operator has plunged into Chapter 11 bankruptcy for the second time since 2019, grappling with fierce online competition. With assets valued between $100 million and $500 million and staggering liabilities of up to $5 billion, the brand vows to keep its stores and website running while seeking potential buyers to revive its fortunes.