MercoPress, en Español

Montevideo, November 5th 2024 - 09:27 UTC

 

 

Fashion Forever 21 preparing for potential bankruptcy filing, says Bloomberg

Thursday, August 29th 2019 - 08:05 UTC
Full article
The company has been in talks for additional financing and is working with a team of advisers to help restructure its debt The company has been in talks for additional financing and is working with a team of advisers to help restructure its debt

Fashion retailer Forever 21 Inc is preparing for a potential bankruptcy filing, Bloomberg reported on Wednesday, citing people with knowledge of the plans.

The company has been in talks for additional financing and is working with a team of advisers to help restructure its debt, but negotiations with possible lenders have so far stalled, Bloomberg reported.

Forever 21 is looking to secure a potential debtor-in-possession loan to take the company into Chapter 11, even as some window remains to strike a last-minute deal, the report added.

Fashion Forever 21 has a branch in Montevideo, Uruguay.

Categories: Economy, International.

Top Comments

Disclaimer & comment rules

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!