A shopper shouted after finding an unorganized likable fragmentation amid a collective closure.
The series has faced financial conflicts in recent years and rises to turn to what will be its second bankruptcy.
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Melanie, the local consumer in Lexington, Kentucky, went to the nearest 21 to Forever 21 in Fayette Mall to find the Fast Fashion store in bad condition.
“It is a shameful thing to cry about how customers deleted the store mainly,” she wrote in a Facebook post.
“Why do they think it is acceptable just throwing goods into the air and knowing where they might fall?”
The photos included in the Melanieni publication showed signs of “closing the store” and discounts of up to 50 % of some goods.
Read more about closing the store
Some pairs of pants and peaks can be seen hanging each other in a state of chaos.
The location of the closure in Kentucky is one of 200 that Forever 21 closes the doors worldwide.
Sales struggles
Each of them was weak, which attributed experts to low traffic, reputation damages from work rights and environmental groups, and intense competition from trademarks such as H&M and Zara.
Forever 21, ownership and rent payments were blocked to keep them open.
Sources near Bloomberg recently told the Bloomberg that the company is expected to provide bankruptcy as soon as the end of this month.
Forever 21 presented for the first time for bankruptcy in 2019 and managed to come out with some restructuring, cutting the number of its stores slightly from its peak of 500 locals and 800 internationally.
Customers who are repeated at the Acadiana Mall Center in Lafayette, Louisiana, also losing the Forever 21 store.
Although nothing has been placed in the stone yet.
According to the retail seller, the retailer tries to negotiate many deals with the owners to keep them open for a longer period, according to Akdiana's lawyer.
However, if a deal is not reached, the stores will continue filtering.
How does bankruptcy work?
Banking is a specific legal process that helps companies cancel debts that they cannot pay.
The process allows companies to start new and reach new credit.
The bankruptcy, which is supervised by federal courts, allows the company to sell its assets more easily to pay creditors, according to Investopedia.
Chapter 11, which is a common process for companies, is used to restructure a company with the aim of survival – even if it means selling most of the company's real estate.
Chapter 7, on the other hand, sells all the assets of the company and removes it from work.
Chapter 15, instead, is allowed to cooperate between American and foreign courts to conduct bankruptcy procedures with “parties to an interest that includes more than one country,” according to the United States courts.
Company statement
Catalyst brands, the owner of operations for Forever 21, noticed that the final decisions have not been reached regarding the future of the brand.
The company told Bloomberg: “Forever 21, which is licensed in the United States, continues to explore strategic options, including the potential sale process, while reducing costs and improving its store.”
“The ongoing efforts have not been taken for final decisions regarding the results of the operation.”
Catalyst Brands has many shareholders who support them, including authentic brands, Brucefield Corporation, Sheen and Simon Property Group.
The original brands specifically have intellectual property and brands, and their license to the American operator F21 OPCO.
Even if Catalyst passes with bankruptcy, original brands can still license Forever 21 for companies and other distributors.
Other retailers also submit a request for bankruptcy recently.
Express presented Chapter 11 in April 2024 and began closing more than 100 country stores.
Rue21 also presented bankruptcy for the second time in May of the same year, closed 540 sites.
