Flash Report 3 minutesRegister for Free AccessForever 21 Files for 2019’s 35th Major US Bankruptcy Coresight Research October 1, 2019 Executive SummaryOn September 29, 2019, Forever 21 announced it had begun voluntary Chapter 11 proceedings in the US bankruptcy court. Forever 21 intends to use Chapter 11 protection to undertake a global restructuring to focus on a core of profitable parts of its operations. As part of its restructuring strategy, the company plans to exit most international locations in Asia and Europe but will continue operations in the US, Mexico and Latin America. To facilitate its restructuring, Forever 21 has obtained $350 million in financing. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: US Black Friday 2023: Early Read—Store Traffic Exceeds Expectations Despite Lack of DoorbustersPet Apparel and Accessories: A Niche Market with Strong Growth PotentialThree Things You Need To Know: China Consumer Tracker—Consumer Confidence FallsData Dive: Mapping Bed Bath & Beyond Store Closures—States Impacted and Retailers Likely To Benefit