Teen retailer Forever 21 Inc. has hired restructuring advisers to help negotiate exits from stores and raise a new loan, according to people familiar with the matter, as the once-hot chain deals with falling sales and a cash crunch.
The chain’s founder, Do Won Chang, is looking to avert a bankruptcy filing and salvage his equity in the Los Angeles-based retailer after it used up a loan from JPMorgan Chase to cover losses rather than buy merchandise, the people said.
slow your role,
Forever is way to long anyway..
Pick a different age to always be, 21 is generally just a series of drunken mistakes, this includes wardrobe choices.
holy cow, remember when they were the hottest thing around?
That’s because my ex moved to Prague. She was easily 80% of their business.
maybe they could lower their prices and carry a size bigger than a 2
Advice: Close all your stores and sell your stock to Amazon.
Because kids with money and little taste actually grow up and no one stays 21 forever. (Dafuq was I thinking when I wore that?)
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