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Forever 21 is said to be preparing for a possible bankruptcy and fans of the teenage clothing store are already making plans for a possible closure of the sale

Forever 21 is preparing for a possible bankruptcy petition – sending fans of the teenage shopkeeper to a Twitter frenzy about possible closure

  • Teen fashion retailer Forever 21 is said to be preparing for a possible bankruptcy
  • The company has been in talks for additional financing and is working with a team of advisors to help restructure its debts
  • Negotiations with potential lenders so far have come to a halt, Bloomberg sources say
  • As soon as the news about the possible bankruptcy application became known, people flooded Twitter with plans to remove already heavily discounted clothing from the store
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Forever 21 is said to be preparing for a possible bankruptcy and fans of the teenage clothing store are already working on plans for a possible closure of the sale.

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The company has been in talks for additional financing and is working with a team of advisers to restructure the debt, but negotiations with potential lenders have come to a halt so far.

The news about potential bankruptcy was reported by Bloomberg Wednesday, specifying sources with knowledge of the negotiations.

The company is considering applying for Chapter 11 amid falling sales and is looking for a potential loan in possession.

Forever 21 is said to be preparing for a possible bankruptcy and fans of the teenage clothing store are already making plans for a possible closure of the sale

Forever 21 is said to be preparing for a possible bankruptcy and fans of the teenage clothing store are already making plans for a possible closure of the sale

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Forever 21, founded in Los Angeles, has 800 stores worldwide.

A bankruptcy petition would enable the retailer to get rid of his unprofitable stores – a fact that enthusiastic Twitter users soon pointed out.

As soon as the news about the possible bankruptcy application became known, people flooded Twitter with plans to remove already heavily discounted clothing from the store.

Many posted memes from the frenzy that could result in any future closing of sales.

& # 39; I am thinking of all Forever 21 employees who are losing their jobs. But also to the bankruptcy sale & # 39 ;, tweeted one person.

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& # 39; Forever 21 may declare bankruptcy, which is frankly a true 30-step & # 39 ;, another user said.

As soon as the news about the possible bankruptcy application became known, people flooded Twitter with plans to remove already heavily discounted clothing from the store

As soon as the news about the possible bankruptcy application became known, people flooded Twitter with plans to remove already heavily discounted clothing from the store

As soon as the news about the possible bankruptcy application became known, people flooded Twitter with plans to remove already heavily discounted clothing from the store

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Another said: & # 39; Forever 21, bankruptcy is probably the best thing that happens now because I need new clothes & # 39 ;.

Others, who were less sympathetic, noted that the retailer could lose money because of the latest line from Flamin & Hot 39 and American clothing collections with thematic postal services.

& # 39; Forever21 stores look at their inventory and wonder what they will do with all their unsold & # 39; taco Tuesday & # 39; crop tops and glitter emoji booty shorts after filing for bankruptcy, & # 39; tweeted a person.

Another wrote: & # 39; Now that Forever 21 goes bankrupt, I have no idea where I'm going to get dresses like size 14 that are actually size 4. & # 39;

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The company did not respond immediately to comments.

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