By  on October 1, 2019

Forever 21 is dealing with sharp liquidity constraints in the early days of its bankruptcy proceedings and needs quick access to cash, as some $40 million in rent obligations and some $18 million in payroll expenses come due. 

The fast-fashion retailer urged a Delaware bankruptcy court on Tuesday to let it immediately access some $60 million of its proposed debtor-in-possession financing package, which its attorney argued would help the company stay afloat amid its significant ongoing expenses. 

To continue reading this article...

load comments
blog comments powered by Disqus