- The former fast-fashion empire of Forever 21 filed for Chapter 11 bankruptcy in September 2019.
Since then, the company has closed all-but-three of its locations in Manhattan, and it could close 178 underperforming stores throughout the US and 350 globally in 2020.
Forever 21 accepted a deal to sell to several mall owners for $81 million on February 3, which will be solidified if no other interested parties offer more money by February 7.
- We visited the last three Forever 21s in Manhattan and saw first-hand why the company continues to struggle.
- We saw why Forever 21 couldn't win over the sustainably-minded Gen Z - their clothing appeared to be cheaply made and not built to last.
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