Fashion

Forever 21 considers restructuring options


Forever 21 is exploring options to restructure, according to
Bloomberg. The fast fashion retailer has been struggling with
declining sales due to competition with digitally native e-commerce
retailers and a reduction in mall traffic.

While Forever 21 does not release financial reports, the fast
fashion chain has displayed signs of struggles in recent years, having
closed several international locations. The brand currently operates
over 815 stores globally.

The company is reportedly in n talks with private equity firm
Apollo Global Managemen, considering raising debtor-in-possession
funds to provide financing should it plan to file for bankruptcy.

CNBC reported that a company spokesperson said that Forever 21 is
“speaking with our lenders in the normal course of business and are in
compliance with all of our agreements and continue to operate as
usual.”



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