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Withdraw From China'S Forever21 Or Consider Filing For Bankruptcy Reorganization
Preparing to withdraw from China's Forever 21, perhaps it will usher in a further blow.
In June 5th, according to Bloomberg news, Forever 21 is considering filing for bankruptcy reorganization because of the declining flow of shopping people and the shift of consumer shopping to online.
According to sources, Forever 21 is negotiating with the private Holdings Company Apollo Global Management to seek new financing to promote the implementation of the restructuring strategy, but has not announced the details of the plan. Author: Wang Xiaoran Chen Yunzhe
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