Since Forever 21’s bankruptcy filing in September, the discount retailer has made itself more appealing to buyers by slashing $91 million in annual rent payments and $100 million in operational costs. But now it is asking for more time to orchestrate a sale before competing plans get in the way. The Los Angeles-based chain continues to employ 22,000 workers and operate 440 stores across the U.S. as well as an e-commerce platform and its beauty
source https://therealdeal.com/2020/01/27/bankrupt-forever-21-seeks-more-time-to-sell-on-its-own-terms/
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