- Forever 21 is reportedly considering teaming up with a private-equity firm to finance a large-scale restructuring plan.
- Though the retailer has long been a favourite among teen shoppers, its lost its footing amid rising competition from other low-priced apparel stores and trendy e-commerce companies.
- We shopped at a Forever 21 store to see why the brand is in need of a major overhaul.
As Forever 21 teeters on the brink of bankruptcy, the retailer is eyeing a private-equity bailout to fund its much-needed turnaround.
The fast-fashion brand is reportedly in talks with Apollo Global Management to help raise debtor-in-possession funds if the time ultimately comes for Forever 21 to file for bankr…
Read the full article at: https://www.businessinsider.com/forever-21-considering-restructuring-plan-store-photos-report-2019-6