Forever 21 is winding down operations and seeking a buyer as it faces bankruptcy. With stores hosting liquidation sales and hundreds of layoffs, the brand struggles amid a retail crisis. Find out what's next for this iconic retailer!
In a stunning move, Forever 21 has filed for Chapter 11 bankruptcy for the second time in six years, as dwindling mall traffic and fierce online competition take their toll. The retailer will begin liquidation sales while its trademark may continue under Authentic Brands Group.
