Highsnobiety

Forever 21 has filed for Chapter 11 bankruptcy protection to restructure its business. This Sunday, the fast-fashion retailer said that it planned to shut up to 350 of its 800 stores around the world as part of the restructure, the Financial Times reports.

According to court documents, the retailer lists both assets and liabilities between $1 billion to $10 billion. Moving forward, Forever 21 will focus on its “profitable core,” maintaining a presence in the US cities as well as Mexico and Latin America. Most of the store closures will happen in its international locations in Asia and Europe.

Forever 21 joins a growing list of retailers, including Barney's New York, who have been forced to file for Chapter 11 bankruptcy protection this year.

We Recommend
  • Fleece jacket
    These Fleece Jackets Deserve a Forever Home
    • Style
  • Image on Highsnobiety
    21 Black-Owned Brands to Shop All Year Round
    • Style
  • Image on Highsnobiety
    JT Is Forever a Rick Owens Girlie
    • Culture
  • Image on Highsnobiety
    Jae Tips' Saucony Collab Is Now Savage-Certified
    • Style
  • Image on Highsnobiety
    Everything We Found at Century 21's Newly Reopened Flagship Store
    • Style
What To Read Next
  • fear of god essentials
    Shop the Latest Fear of God ESSENTIALS Collection Here
    • Style
  • KITH & Birkenstock's collaborative braided London sandals in beige, brown, and black suede
    KITH's Braided Birkenstocks Are Bluntly Beautiful
    • Sneakers
  • Balmain Unicorn Shoe
    Today's Forecast: Blue Skies For Balmain x Ant Kai
    • Sneakers
  • Travis Scott wears his collaborative Cactus Jack x Audemars Piguet watch
    Cactus Jack x Audemars Piguet Proves Travis Scott's Midas Touch
    • Style
  • Fear of God Athletics' first collection, designed by FOG founder Jerry Lorenzo & adidas
    Up Close With Fear Of God Athletics, Its First adidas Collection
    • Style
  • Pharrell Williams wearing a white suit and Tiffany sunglasses stands in front of models on the Louis Vuitton Pre-Fall 2024 runway in Hong Kong
    Pharrell's Louis Vuitton Pre-Fall 2024 Runway Made Hong Kong (More) Tropical
    • Style
*If you submitted your e-mail address and placed an order, we may use your e-mail address to inform you regularly about similar products without prior explicit consent. You can object to the use of your e-mail address for this purpose at any time without incurring any costs other than the transmission costs according to the basic tariffs. Each newsletter contains an unsubscribe link. Alternatively, you can object to receiving the newsletter at any time by sending an e-mail to info@highsnobiety.com

Web Accessibility Statement

Titelmedia (Highsnobiety), is committed to facilitating and improving the accessibility and usability of its Website, www.highsnobiety.com. Titelmedia strives to ensure that its Website services and content are accessible to persons with disabilities including users of screen reader technology. To accomplish this, Titelmedia has engaged UsableNet Inc, a leading web accessibility consultant to help test, remediate and maintain our Website in-line with the Web Content Accessibility Guidelines (WCAG), which also bring the Website into conformance with the Americans with Disabilities Act of 1990.

Disclaimer

Please be aware that our efforts to maintain accessibility and usability are ongoing. While we strive to make the Website as accessible as possible some issues can be encountered by different assistive technology as the range of assistive technology is wide and varied.

Contact Us

If, at any time, you have specific questions or concerns about the accessibility of any particular webpage on this Website, please contact us at accessibility@highsnobiety.com, +49 (0)30 235 908 500. If you do encounter an accessibility issue, please be sure to specify the web page and nature of the issue in your email and/or phone call, and we will make all reasonable efforts to make that page or the information contained therein accessible for you.