Forever 21 Gets Ch. 11 Rent Relief To Keep More Stores Open

Law360, Wilmington (November 5, 2019, 7:12 PM EST) -- Bankrupt fast-fashion retailer Forever 21 negotiated more than $100 million in rent concessions with landlords that have enabled it to keep more than half of its struggling stores open, attorneys told a Delaware judge Tuesday.

During a hearing in Wilmington, debtor attorney Aparna Yenamandra of Kirkland & Ellis LLP said the retailer originally planned to shutter 178 underperforming stores and subsequently revised that number upward to 191 locations, but that negotiations with landlords resulted in enough rent relief to keep more than 100 of those stores open.

“We ultimately closed 88 stores because we were able to reach agreements in principle...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS