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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
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
Here are all the fashion news you missed this week!
In this week's Preview Fashion Roundup, be updated on all the latest happenings in the world of fashion:In the world of Instagram, posting aesthetic photos is just half the battle. You also have to rake up followers to build your clout. And
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
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