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Forever 21 files for bankruptcy

(Bloomberg)—Forever 21 Inc. filed for bankruptcy protection, the latest big fashion merchant who couldn’t cope with high rents and heavy competition as the shift to ecommerce cut a swathe through traditional retailers. Forever 21 is No. 288 in the Internet Retailer 2019 Top 1000. The Chapter 11 filing in Wilmington, Delaware, allows the Los Angeles-based […]

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