Forever 21 chapter: Company plans to file, report says

Another girls’s clothes retailer chain is reportedly near submitting for chapter safety. Teen retailer Forever 21 Inc. is getting ready for a possible submitting as its turnaround choices fade, Bloomberg reported Wednesday, citing individuals with data of the plans. According to Bloomberg, Forever 21 employed a workforce of advisers to assist restructure its debt and has been in talks for added financing, however negotiations with potential lenders have stalled, Forever 21 didn't instantly reply to USA TODAY’s request for remark. Filing for Chapter 11 chapter safety usually entails some retailer closures as retailers look to interrupt leases on money-losing shops and slash loans. The aim is usually to create a reorganized, often-smaller firm that may get