Flash ReportForever 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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Earnings Insights 4Q24, Week 5: Most Companies Report Strong Growth Results This Week—InfographicAnalyst Corner: US Consumers’ Plans for the Memorial Day, Mother’s and Father’s Day, and the Holiday Season, with Aditya KaushikAnalyst Corner: Three Technologies Driving the Future of US Retail, with Anand KumarHoliday 2025 Survey Insights: Shopping Peak Nears as Two-Thirds Are Buying for the Holidays
