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 Grocery—Retail 2024 Sector Outlook: Growth To Soften Amid Declining InflationUS Drugstores—Retail 2024 Sector Outlook: Mid-Single-Digit Sales Growth; Stronger Focus on Healthcare ExpansionRoblox and Fortnite: Bridges to the Metaverse for Fashion BrandsUS CPG—Consumer Health: Understanding a Category Marked by Spin-Offs