Even though Forever 21 only retreated from Europe in 2019, the American fast-fashion brand already eyes a return to the 'Old Continent'. A new, Europe-centred webshop should pave the way.
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Authentic Brands Group, Simon Property Group and Brookfield Property Group have finally completed their acquisition of ailing fashion chain Forever 21.
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American fashion chain Forever 21 has filed for bankruptcy protection under the 'Chapter 11' procedure. This will ensure the company is protected from creditors and can undertake a restructuring.
American fashion chain Forever 21 is moving closer to bankruptcy, as final negotiations with potential investors seem to have ended without an agreement.
Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon.
According to insiders both Amazon and Forever 21 are interested in bankrupted American Apparel, but even so, they would need to fight off other interested parties.
American clothing chain Forever 21 has filed a notice of collective dismissal, which means more all Belgian employees (over 100) will lose their job. Forever 21 has only one Belgian store left, on the Meir in Antwerp.