Forever 21 stores in the U.S. will hold liquidation sales and the website will continue to run while operations wind down. The post Forever no more: Operator of mall staple Forever 21 files for bankruptcy protection appeared first on Boston.com.
Forever 21's operator, F21 OpCo, filed for Chapter 11 bankruptcy protection for the second time and will wind down U.S. operations. Authentic Brands Group, which owns Forever 21's international intellectual property, seeks a partner to modernize the brand. Forever 21 previously filed for bankruptcy in 2019 and was acquired by a consortium including Authentic Brands Group. The company recently partnered with Shein, and joins other retailers facing financial difficulties due to consumer spending slowdowns and rising operating costs.
