Lifestyle Fashion Fashion Brand Forever 21 To Go Bankrupt? Twitter Reacts!

Fashion Brand Forever 21 To Go Bankrupt? Twitter Reacts!

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Seems that the deteriorating economy is taking down this popular fast-fashion brand with it.

Every millennial’s go-to clothing brand Forever 21 is reportedly filing for Bankruptcy.

Forever 21
Via: Vox

According to reports, due to a decline in cash flow and failed business plans, the company is considering to file for bankruptcy.
Although rumor has it that their financial advisors are trying hard to figure out a plan for them.

Forever 21
Via: Mothership

However, the meetings with these advisors have been put on hold for now, due to some unknown reasons, according to reports.
Forever 21 is also considering applying for a debtor-in-possession loan.

It means that the company will be forced to file for bankruptcy but will still manage to run their business while figuring out their financial woes.

Forever 21
Via: CNN.com

Obviously, Twitter reacted to this unexpected news.

So Forever 21 not so forever anymore?

Pragati Palhttps://www.stackumbrella.com
I am an Engineer by degree and a creative content writer by profession. I am an avid reader and Sarcasm is my forte.

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