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Tag: bankruptcy


Here's What Will Happen to Forever 21 Philippines Amidst Bankruptcy News

The brand's local arm has released an official statement.
Reports of Forever 21 officially filing for bankruptcy and closing up to 178 stores have raised concerns over the fashion retailer's operations in the Philippines. Luckily, the brand's local arm has finally addressed the issue in an official statement on their Facebook page.Quoting

Forever 21 Has Officially Filed For Bankruptcy

Oh no!
Following Topshop US and Barneys New York, the latest retailer to file for bankruptcy is Forever 21. CNN Philippines writes that the fashion retailer will be closing "up to 178 of its more than 800 stores," following their filing of  Chapter 11 bankruptcy. Bloomberg previously reported that

Shoe Brand Nine West Is Filing for Bankruptcy

They're planning to sell.
Another one bites the dust. American footwear brand Nine West Holdings Inc. is planning to file for bankruptcy this week, and they intend to sell the intellectual property of its flagship label to Authentic Brands Group LLC, Business of Fashion reports.It's apparently

Payless Shoesource Files for Bankruptcy

Another retail brand is shutting down its doors.
Another household retail name is shutting down. Payless Shoesource has reportedly filed for Chapter 11 bankruptcy. IMAGE payless.phIn a fast-paced retail business, Payless, a store that is native to malls, is struggling to adapt against e-commerce giants, like Amazon, who seem to be even