Forever 21, Inc.

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Case overview

Case Number:

1:19-bk-12122

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. February 11, 2020

    'Cratered' Forever 21 Faces Huge Debt After $81M Ch. 11 Sale

    Less than two months after a lender-required revaluation "cratered" its Chapter 11 budget and borrowing ability, Forever 21 secured a Delaware judge's tentative approval Tuesday for an $81.1 million company sale, leaving in doubt recoveries for those holding $130 million in administrative claims.

  2. February 10, 2020

    Forever 21 Receives No Bids To Challenge $81M Ch. 11 Offer

    Bankrupt fast-fashion retailer Forever 21 canceled an auction it had planned to hold Monday after it received no firm bids, a development that appears to pave the way for an $81 million sale to its landlords.

  3. February 04, 2020

    Forever 21 Hems Bidder Fees To Get Ch. 11 Sale Plan OK

    Bankrupt fast-fashion retailer Forever 21 gained court approval Tuesday in Delaware for its proposed sale procedures after agreeing to reduce bid protections that would be owed to its $81 million stalking horse bidder as requested by the court.

  4. February 03, 2020

    Forever 21 Inks $81M Deal With Mall Owners, Brand Manager

    Bankrupt fast-fashion retailer Forever 21 Inc. has told a Delaware bankruptcy court it has secured a more than $81 million stalking horse bid for its assets from a consortium of Authentic Brands Group and mall landlords Simon Property Group and Brookfield Properties.

  5. November 05, 2019

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

    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.

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