Forever 21 closing 200 stores as part of Chapter 11 restructuring
October 31, 2019
Forever 21 has announced that it will close 200 stores as part of its restructuring under Chapter 11 bankruptcy protection. The clothing chain is in the process of trying to renegotiate or get out of leases in many of its stores. The chain leases 549 properties in the U.S. and 251 in other countries.
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