Fast Fashion Seller forever 21, On the eve of giving bankruptcy for the second time, it is expected to close all of the shops.

Sarah Foss, Debt dries, retail manager, in Chapter 11 in the retailer, chapter 11, as part of Chapter 11, as part of this process, will eliminate all its assets, including at least 350.

“One Chapter 11 Seems to be the most likely scenario to go to a recipient that does not go to US assets and lease of US Shopping online.

At the beginning of this week, a source of the issue told Bloomberg that the company is already preparing to close at least 200 places within the bankruptcy process.

Pressure from Shein is accelerating TEMU retail shutdowns

According to Fossium, the dress chain faced his first visit to the first visit of the bankruptcy in September 2019, and during this period, 534 stores were sold and sold to the consortium of 534 stores.

Forever 21 owner created a group of original brands and Simon's property group, joint venture, Sparc Group, created to protect the company alive in 2019.

Forever in New York, 21 stores forever, February 7, 2025. (Yuki iWamura / Bloomberg / Getty Images)

Debtor information shows that the retail sector has been 20 chapters since 2024 shows that the retail sector continues with problems.

The company has given a special increase in the “Chapter 22 documents”, which belongs to companies belonging to companies, for the second time. According to the borrowed, about 25 companies since 2016 did this.

In particular, the Foss blames the collapse of Forver21, like Shein and Temu, which is “expensive stores,”, together with expensive stores.

US retail closings hit the highest level since the pandemic

A company specializing in retail and technology, in January, in January, he estimated that parcels in 2025 will increase by 15,000, “special competition pressures” and Temu.

Buyers travel in San Francisco, December 27, 2007. (David Paul Morris / Getty Images)

Rival companies rose in prestige in recent years Inflation consumers they used their cheap prices. Both companies offer a number of products and clothing at low prices, although they faced violent criticism with work ethos, environmental concerns and intellectual property rights.

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However, if the Foss is closing 21 retailers, 21 retailers should not record the company's end.

“The brand and intellectual property still belong to the group of original brands and may not be a part of bankruptcy. Indeed, it may have an important value as a result of such a problem,” said Foss.