Forever 21 Turns 22

Forever 21, the store known for its trendy fashions among teens and young adults turned 22 today when the company filed for its second Chapter 11 bankruptcy since 2019.  During the 2019 bankruptcy, the company closed 150 of its 534 stores and was brought out of bankruptcy by label owner Authentic Brands and mall operators Simon Property and Brookfield Asset Management. This time, Forever 21 is not as lucky as the company has announced liquidation plans.

Airbus Delays Flight

Airbus has been a proponent of hydrogen-powered commercial aircraft, stating that it wanted to have the first plane in the air by 2035. Now, it appears that Airbus was too ambitious in its goal as it has delayed plans for the new jet. Airbus did not give a new target date, but noted that the technology was 5-10 years behind the pace needed to bring the plane to the skies by 2035.