Forever 21 does not declare bankruptcy, but will close at least 100 tie


The cheap fashion retailer for young people Forever 21 prepares to declare bankruptcy in the Next future, according to three people who know their plans, cited by The New York Times

In fact, since the beginning of September, several national and international media said that this Sunday, September 15, the company would declare bankruptcy, which was completely denied.

Through a statement, they indicated that "Our stores are open and our intention is to continue operating"both in U.S, as with international stores, "providing customers with great service and the variety of products they love and expect from Forever 21".

The company is planning to close at least one hundred stores in North American lands as part of the restructuring plan.

In fact, they would be working on obtaining an economic package of $ 75 million, which would allow them to continue operating while seeking a way to pay their creditors and change their business model.

This would lead to the advisers of the firm get much longer before resorting to bankruptcy, which could seal the fate of the firm.

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