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Forever 21 Bankruptcy Unmasks Major Debt Load, Positions Suppliers for ‘Instability’

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Forever 21 Inc. filed a much expected petition for Chapter 11 bankruptcy court protection on Sunday, and the filing finally pulls back the curtain on the retailer’s financial structure. Among its many errs—largely driven by its lack of adapting to the new demands of today’s fashion consumer—the teen fast fashion chain was carrying a sizable debt…

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