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forever 21

October 1, 2019

Family-owned Forever 21 files for bankruptcy, billionaire Carlos Slim’s company confident over Mexican TV licence and Fiji Water billionaires gift $750 million for climate change research.

Family-owned Forever 21 files for bankruptcy

Forever 21, a family-owned teen fashion retailer, has filed for bankruptcy protection, toppled by intense competition and its own rapid expansion.

In a statement, the retailer said as part of its restructuring, it would look to close most of its international stores in Asia and Europe and 178 stores in the US, with up to 350 stores closing overall. It will continue operations in Mexico and Latin America.

November 10, 2011

The world economy may be suffering some serious problems, but many family businesses are growing faster than ever. Which family businesses are likely to challenge for the top positions in the years ahead? CampdenFB lists the top 50.

At the time of writing, traders’ screens around the world are turning a nasty shade of red. Stock markets are plummeting everywhere and there is much talk of developed economies slipping back into recession.

You would be forgiven for wondering if it might be a good time to retreat to a cave with a weapon and a crate of tinned food. But away from the trading floors, there is another story about the world economy - one that moves more slowly and involves fewer people panicking, and so gets less attention.

July 28, 2011

Family-owned American clothing retailer Forever 21 has opened in London as part of its strategy to expand operations throughout Europe.

Family-owned American clothing retailer Forever 21 has opened in London as part of its strategy to expand operations throughout Europe.

The clothing giant, 100% owned by the Korean-American Chang family, opened its third store in Europe on 27 July – it had already opened a store in Birmingham and Dublin last year.

The move comes as Forever 21, much known for its cheap but chic fashion in the US, looks to expand globally with plans to open 20 stores throughout Europe.

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