Forever 21 Files For Bankruptcy Protection

Forever 21 has filed for bankruptcy protection in Canada and plans to restructure globally with $350 million in financing. The company aims to emerge stronger and more competitive, closing 178 US stores and up to 350 worldwide. Despite challenges in the fast fashion industry, Forever 21 reassures customers that stores will operate as usual, and gift cards, returns, and exchanges will be honored.

What financing amount is Forever 21 receiving to aid in its restructuring?

What reassurance did Forever 21 provide to its customers regarding store operations?