Retail giant Forever 21, known for its trendy and affordable clothing, has filed for Chapter 11 bankruptcy for the second time.

The fast-fashion retailer filed for chapter 11 after a failed turnaround effort by its owners, a consortium of shopping-mall landlords and brand manager Authentic Brands Group.

The operator of Forever 21 filed for bankruptcy on Sunday due to growing competition from foreign fast fashion companies, such as Shein and Temu.

Forever 21 files for bankruptcy for second time The company plans to hold liquidation sales at stores while holding a court-supervised sales process for some of its assets.

The U.S. company operating Forever 21 has filed for bankruptcy, marking the second time in six years for the retailer with 350 stores remaining nationwide.

The operator of Forever 21 filed for bankruptcy on Sunday due to growing competition from foreign fast fashion companies, such as Shein and Temu.

Retailer Forever 21 has filed for bankruptcy for a second time after being hit by rising inflation and intense competition in the fast-fashion sector. The fast-fashion retailer will start ...

Forever 21 Operator Files for Bankruptcy The company, which helped popularize fast fashion in the United States, has struggled to compete with online retailers.

Forever 21's U.S. operating company on Sunday filed for bankruptcy for the second time in six years and said it would wind down its domestic operations, hurt by mounting online competition in the ...

Retail giant Forever 21, known for its trendy and affordable clothing, has filed for Chapter 11 bankruptcy for the second time.

Forever 21’s US retail operator has filed for bankruptcy after being hit by rising inflation and intense competition in the fast-fashion sector, the second time the brand has entered Chapter 11.