Forever 21 Has Officially Filed For Bankruptcy
We’ve been hearing rumors for a while and it finally happened. Forever 21 has officially filed for bankruptcy protection. They will cease operation in 40 countries and will close 178…
SYDNEY, AUSTRALIA – JUNE 10: Cheerleaders pose at the opening of the ‘FOREVER 21’ flagship store on Pitt Street on June 10, 2015 in Sydney, Australia. (Photo by Cameron Spencer/Getty Images)
Photo by Cameron Spencer/Getty Images)We’ve been hearing rumors for a while and it finally happened. Forever 21 has officially filed for bankruptcy protection. They will cease operation in 40 countries and will close 178 stores in the U.S. A total 350 stores will be closed.
Forever 21 currently employs over 32,000 people and with increasing competition their revenue has dropped to $3.3 billion last year compared to $4.4 billion in 2016.
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Joe Winner spends his days combing through memes and off beat stories to bring you the side of Florida not always seen.
