The end of an era!
, dated September 29th, the brand said that filing will enable Forever 21 to continue to operate "as usual", while the company, "takes positive steps to reorganize the business so we can return to profitability and refocus on delivering incredible styles and fashion you love for many years to come."
The statement continued, "This does NOT mean that we are going out of business – on the contrary, filing for bankruptcy protection is a deliberate and decisive step to put us on a successful track for the future." As part of this filing, the brand has requested approval to close many stores throughout the U.S., saying, "the decisions as to which domestic stores will be closing are ongoing, pending the outcome of continued conversations with landlords. We do however expect a significant number of these stores will remain open and operate as usual, and we do not expect to exit any major markets in the U.S.
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