Hampered by plummeting sales and rising competition from overseas e-commerce merchants, the 41-year-old company entered ...

The retailer in the throws of its second bankruptcy after being sold to investors in 2020 as it continues to seek a buy amid ...

Forever 21 is preparing for its second bankruptcy filing — which could happen as early as this weekend, according to sources ...

Caroline Petrow-Cohen is a Business reporter at the Los Angeles Times. She is a graduate of Duke University, where she studied journalism, English and environmental science and policy.

Forever 21 is based in Los Angeles, and will lay off more than 350 people, KTLA reported. It will also close locations in ...

The clothing company operates less than half the amount of stores it did when it first filed for bankruptcy. Five years later, the company is eyeing a second filing and mass layoffs.