Forever 21’s operator in the US filed for Chapter 11 bankruptcy, listing assets of $100 million to $500 million and liabilities of $1 billion to $5 billion. The company, known for popularizing fast fashion, struggled to compete with online retailers, leading to its second bankruptcy filing in 2023. After being bought out of bankruptcy in 2019, Forever 21’s operator Sparc Group signed an agreement with Shein, a Chinese e-commerce retailer, allowing Shein to buy a third of Sparc’s shares and potentially operate stores within Forever 21 outlets.
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1 Stock That Turned $1,000 Into $163,000
Investors often focus on the technology sector for high returns, but other areas like retail can also yield significant gains. Since mid-July 1995, one retail stock has achieved a remarkable total return of over 16,000%, demonstrating the benefits of patience and compounding, making a $1,000 investment worth $163,000 today. Explain It To Me Like I'm 5: Some smart investors found a really good store to put their money in a long time ago, and now...
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