Low-price fashion chain Forever 21 files for Chapter 11 bankruptcy

Forever 21, a once-hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. The privately held company based in Los Angeles said Sunday it will close up to 178 stores in the U.S. As of the bankruptcy filing, the company operated […]

Forever 21's bankruptcy isn't the end of fast fashion. But it is the end of a cheap, sparkly era.

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