Forever 21’s US retail operator has filed for bankruptcy after being hit by rising inflation and intense competition in the fast-fashion sector, the second time the brand has entered Chapter 11.

Forever 21’s US retail operator has filed for bankruptcy after being hit by rising inflation and intense competition in the fast-fashion sector, the second time the brand has entered Chapter 11.

Nothing lasts forever, even Forever 21. The 540-outlet fashion company that catered to older teens and young women seeking the latest runway trends at affordable prices, announced late Sunday night it ...