Push Admin

Forever 21 prepares for potential bankruptcy filing: Bloomberg

Article (news)

Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2019/news/08/31/f21-11.jpg"/><figcaption>FILE PHOTO: A shopper looks at accessories sold at bargain prices during a Forever 21 sale in Manila, August 31, 2017. Katrina Domingo, ABS-CBN News/File</figcaption></figure></div>Fashion retailer Forever 21 Inc is preparing for a potential bankruptcy filing, Bloomberg reported earlier this week, citing people with knowledge of the plans.The company has been in talks for additional financing and is working with a team of advisers to help restructure its debt, but negotiations with possible lenders have so far stalled, Bloomberg reported.Forever 21 is looking to secure a potential debtor-in-possession loan to take the company into Chapter 11, even as some window remains to strike a last-minute deal, the report added.The company did not immediately respond to a Reuters request for comment.

Fashion retailer Forever 21 Inc is preparing for a potential bankruptcy filing, Bloomberg reported earlier this week, citing people with knowledge of the plans.

Fashion retailer Forever 21 Inc is preparing for a potential bankruptcy filing, Bloomberg reported earlier this week, citing people with knowledge of the plans.