Is a potential bankruptcy filing looming for fashion and accessories store Forever 21?

According to the website Bloomberg, Forever 21 would become the latest retailer to  possibly file for Chapter 11. The company has been in discussions to secure additional financing while also trying to restructure their current debt.

There is also the possibility of some under performing stores closing their doors for good if the bankruptcy procedure happens.

Forever 21 has over 800 stores worldwide with two South Jersey locations including the Hamilton Mall and Tanger Outlets in Atlantic City.

Check back for more updates on the status of Forever 21.

Source: bloomberg.com