Cebu Pacific Back To Full Year Profit After Pandemic Losses

Cebu Pacific soars to new heights with Php 90.6 billion in revenue for 2023, marking a 60% increase from the previous year!

FDA DG Assists Small Businesses With BBMSME Program, Joins First Lady in Tuguegarao

Food and Drug Administration Director General Dr. Samuel Zacate partners with Tuguegarao Mayor to empower local entrepreneurs through Bigyan-Halaga, Bangon Micro, Medium and Small Enterprises program.

Tala’s Iona Inigo-Mayo Shares Its Empowerment On The Organization And Its Customers

Gender-inclusive workplaces drive success! Tala empowers women, fostering leadership & financial independence, transforming lives and communities globally.

HONOR PH Introduces HONOR X7b, Another High-Quality Phone Without Breaking Your Wallet

HONOR Philippines locally debuts the durable, budget-friendly HONOR X7b, boasting impressive features like extended battery life and superb display.

Forever 21 Declares Bankruptcy

0

Forever 21 Declares Bankruptcy

0

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Forever 21, one of America’s biggest apparel retailers, files Chapter 11 bankruptcy protection on September 29.

According to investopedia.com, “Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor’s business affairs, debts, and assets. Named after the U.S. bankruptcy code 11, corporations generally file Chapter 11 if they require time to restructure their debts. This version of bankruptcy gives the debtor a fresh start. However, the terms are subject to the debtor’s fulfillment of his obligations under the plan of reorganization.”

The company expressed that they had been struggling with the shifting market places such as online shopping and ever-changing consumer trends.

Forever 21’s young market had a change of heart and now prefers sustainable fashion to throw-away clothes

Despite closing down hundreds of stores across forty countries, their online shops in the United States will remain accessible.

Recently, pop star Ariana Grande sued the retailer for $10 million, accusing them of copying her looks from the “7 Rings” music video and even hiring a “strikingly similar” model.