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.