Major fast-fashion retailer, Forever 21, is a key player in the high street fashion industry and one of the largest tenants of American malls.
Over the years, the Los Angeles-based brand has managed to establish itself as a fan-favorite amongst teens looking to get fashionable, affordable clothing, but it recently seems to have hit hard times.
From declining sales to struggling to pay vendors and landlords, it isn’t looking good for the retailer. In fact, the future is looking so bleak that the company is allegedly preparing for a potential bankruptcy filing, according to Bloomberg.
Keep scrolling to get all the details on the uncertain future of the fast-fashion chain.