'Forever!',really?: Fashion Brand Forever 21 files for bankruptcy protection
Shortpedia
Content Team
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Famous fashion brand, Forever 21 has filed for Chapter 11 bankruptcy protection in the US. The company is also planning shut off in most parts of Asia and Europe but will continue to do business in Mexico and Latin America. The company will close around 350 of its stores out of which 178 are in the US alone. "This does not mean that we are going out of business," The spokesperson said and mentioned that it was a step for future security.
