Forever 21 Potentially Filing For Bankruptcy

 

If you have fond memories of shopping at Forever 21 while growing up in Mississauga, here’s some sad news.

According to sources from within the company, the famous fashion store chain is expecting to file for bankruptcy.

Sources told Bloomberg that the company has been dealing with an increasing amount of debt. By filing for bankruptcy, the company may potentially be able to clear the debt by closing less profitable locations.

Forever 21 has over 800 locations across several countries.

Many have taken to Twitter with their thoughts on the news.

Some also are eagerly awaiting any news of a closing sale at store locations.

What do you think about Forever 21 potentially closing?

Photo courtesy of Forever 21’s Square One Page

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