By and  on September 29, 2019

Forever 21 Inc. filed for Chapter 11 bankruptcy protection late Sunday, joining the ranks of traditional retailers struggling mightily to adapt in an era of online shopping.

“This was an important and necessary step to secure the future of our company, which will enable us to reorganize our business and reposition Forever 21,” Linda Chang, executive vice president of Forever 21, said in a statement.

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