Forever 21 Inc's effort to finance its exit from bankruptcy is hitting resistance from some prospective investors over lagging sales at its remaining stores and who will control the fashion chain.[NEW YORK] Forever 21 Inc's effort to finance its exit from bankruptcy is hitting resistance from some prospective investors over lagging sales at its remaining stores and who will control the fashion chain.
Revenue is below expectations, which has made some would-be lenders hesitate, according to people with knowledge of the talks. Inventory bottlenecks also threaten to curtail sales during the crucial holiday season, said people familiar with the chain's operations. They asked for anonymity because the details are private.
The process of shopping for an exit loan is still in early stages, however, and has yielded some initial interest from potential lenders, according to one of the people.Some owners of the malls that host Forever 21 have also participated in talks, both before and during the bankruptcy process, the people said.
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