Nothing lasts forever, not even Forever 21! Reports of the mass retailer declaring bankruptcy are creating a major buzz and there's a great chance it's true!
As reports suggest, the American label was looking for potential investors in order to restructure their loan and debt, but the procedures have stalled, leading them down the road of shutting down.
As reported by a website, negotiations with possible, potential investors have stalled, which might be one of the bigger reasons causing the setback. With over 800 stores in 57 countries, the mass retailer's status has made many jaws drop and eyes pop.
But, cest la vie! We are still hoping that our favourite label doesn't go underway...what are your thoughts?
(SOURCE: News 18)
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