US fashion retailer Forever 21 has filed for Chapter 11 bankruptcy protection.
It comes as traditional retailers continue to struggle against rising competition from online rivals. Chapter 11 protection postpones a US company's obligations to its creditors, giving it time to reorganise its debts or sell parts of the business.
I’ve never even heard of this shop?!?...
OK, I object! BBC News *(UK)*...last time I looked, 'Chapter 11 bankruptcy protection' only applies in the USA so why is this *UK* news?
Cheap highly flammable clothes - who knew?
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