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: Consumers Pull Back from Public Places: China Consumer Survey InsightsAnalyst Corner—Reshaping Retail Media: Who, Where and How? Three Defining Levers, with Manik BhatiaFlipkart Big Billion Days 2023: Preview—Positive Consumer Sentiment and a Focus on Immersive ShoppingWeekly US and UK Store Openings and Closures Tracker 2023, Week 9: US Openings Up 21%
