Forever 21, a clothing store once popular for its affordable, fashion-forward items, will file for Chapter 11 bankruptcy.
The company plans to cease operations for up to 350 stores across the globe, but will still keep its website and some North American stores.
Linda Chang, Forever 21’s Executive Vice President, explains, “What we’re hoping to do with this process is just to simplify things so we can get back to doing what we do best."