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Cash-Strapped Forever 21 Seeks Suitor to Stave Off Liquidation

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Bankrupt fast-fashion chain Forever 21 Inc. will test the auction market once it secures a so-called “stalking horse bidder” in the hopes of landing a buyer and avoiding the retail graveyard. According to court records, the Los Angeles-based retailer, which filed for bankruptcy court protection on Sept. 29 after months of speculation, is in talks with a range…

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