Forever 21 files for bankruptcy, second time in 6 years for fast-fashion retailer Forever 21's U.S. locations and website will stay open and online as the company's operations wind down.

FOREVER 21 FILES FOR BANKRUPTCY PROTECTION A sign advertising a store-wide sale is displayed in a window at a Forever 21 store that is prepared to close on Feb. 20, 2025 in San Francisco.

Once a formidable fast-fashion mall staple, Forever 21 has filed for bankruptcy. The retailer has been a shell of its former self since it first filed for bankruptcy in 2019.

Forever 21 entered bankruptcy with $1.58 billion in debt, after losing more than $400 million over the last three years. It lost $150 million in 2024 alone, and was projected to lose approximately ...

Forever 21 currently has more than “540 locations globally and online,” according to its website. At the time of its first bankruptcy filing, it had 800 locations worldwide.

F21 OpCo, the operator of Forever 21, announced the voluntary Chapter 11 filing in the U.S. Bankruptcy Court for the District of Delaware on Sunday.

More than 350 Forever 21 stores are expected to be closed by the start of May, following the fast fashion company's Chapter 11 bankruptcy filing in March.. All of Forever 21's 354 leased stores in ...

Forever 21 has between $100 million and $500 million in assets and $1 billion and $10 billion in liabilities, according to documents filed with the U.S. Bankruptcy Court in Delaware.

Company enters bankruptcy with $1.58 bln in debt US stores, website to remain open Plans liquidation sales at roughly 350 US stores Forever 21 had earlier filed for bankruptcy in 2019 March 17 ...

Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon,… ...

Forever 21 was once the premier shopping destination for teens who wanted cheap and fashionable clothing. Now, it is filing for bankruptcy, again.

Second Forever 21 Bankruptcy. Forever 21 had previously filed for Chapter 11 bankruptcy protection in 2019 and was brought out of it by Sparc Group, a joint venture between multi-brand owner ...