A new report from Bloomberg makes some alarming claims about the brand's future.
speculating that the company could be preparing for a "potential bankruptcy filing," based on information from "people with knowledge of the plans." Forever 21 did not respond to Bloomberg's request for comment.
According to Bloomberg, the fast-fashion retailer is working with a team of financial advisers and has been in talks with outside lenders for additional financing. However, sources told the publication that conversations about that funding have been stalled.
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