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Report: Forever 21 may file for bankruptcy again

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Forever 21 may soon file for bankruptcy again, sources familiar with the matter told Bloomberg.

The company also is considering closing at least 200 more locations, the sources said, and would liquidate all of its 350 stores if a buyer isn't found for the retail shops.

The bankruptcy process may start as soon as next month. The company previously filed for bankruptcy in 2019.

Read more from Bloomberg.

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