Forever 21 Stores Could File For Bankruptcy

(Los Angeles, CA) -- Clothing retailer Forever 21 is reportedly preparing to file for bankruptcy. 

The chain, which targets teens, has hired advisers to help restructure its debt. Bloomberg reports that the company has been in talks with lenders, but those talks have stalled. Forever 21 operates more than 800 stores including in Dutchess and Orange counties. The company bills itself as the “Go-To Retailer For The Hottest Trends.”

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