American fast-fashion chain Forever 21 shut down its last shop in Hong Kong, in Mong Kok last week. Photo: Felix Wong

Fashion retailer Forever 21 files for bankruptcy, adding to retail apocalypse, bowing to high rents, fierce competition

  • The clothing chain closed its last shop in Hong Kong last week after months of volatile street protests added to its woes
  • Court papers filed in the Bankruptcy Court for the District of Delaware show Forever 21 has estimated liabilities of between US$1 billion and US$10 billion
Topic |   Retailing

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American fast-fashion chain Forever 21 shut down its last shop in Hong Kong, in Mong Kok last week. Photo: Felix Wong
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