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Forever 21 Made $4.4 Billion At Peak: Now Near Bankruptcy

Video Credit: Wochit - Duration: 00:33s - Published
Forever 21 Made $4.4 Billion At Peak: Now Near Bankruptcy

Forever 21 Made $4.4 Billion At Peak: Now Near Bankruptcy

At its peak, Forever 21 made $4.4 billion in revenue and made its founders, South Korean immigrants Jin Sook and Do Won "Don" Chang, billionaires.

The fast-fashion chain grew quickly and cultivated a following by selling trendy clothing for low prices.

Now the company is preparing to file for bankruptcy as e-commerce has continued to rise and the "retail apocalypse" continues for brick-and-mortar retailers.

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Following is a transcript of the video.

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