We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Sep 28, 20204:45am

Forever 21 rearranges its global presence after filing for chapter 11 bankruptcy

The American company is launching a renewed, localized online store for consumers in Canada, Asia, Asia Pacific and Latin America. 

Jan 8, 2020 — 5:17pm
mds
Related topics
Save

Forever21 rearranges its global presence after filing for chapter 11 bankruptcy

 

 

Forever21 focuses in ecommerce. The American fashion retailer is launching a renewed, localized online store for consumers in Canada, Asia, Asia Pacific and Latin America, stated the company in a press release. This decision will strengthen the presence of Forever21 in the region where it announced that it would close all its physical stores.

 

The new strategy comes four months after the company filed for chapter 11 bankruptcy protection. The company secured a financing round of 275 million dollars from its current creditors, and another 75 million dollars from TPG Sixth Street Partners.

 

Forever21 plans to provide its customers in Canada, Asia, Asia Pacific and Latin America with an improved experience that will support more than 150 payment methods in 95 different currencies. The new ecommerce platform will also include a new shipping method and will be available in twenty-one different languages.

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...