Is Forever 21 going out of business? Stores closing, locations in peril as retailer files for 2nd bankruptcy

Get the Full StoryThe fast-fashion brand has joined the growing list of retailers to seek Chapter 11 protection. It is likely to wind down U.S. operations unless it can find a buyer.

Forever 21 is facing another bankruptcy. The company that operates the fast-fashion retail brand, called F21 OpCo, LLC, has filed for Chapter 11 bankruptcy protection in a Delaware court. And while it plans to close its U.S. stores and hold going-out-of-business sales, there is still a chance for a sale that could keep some operations running.

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