More than 70 percent of unpaid suppliers have pledged to keep delivering goods to the clothing retailer as it approaches the holiday shopping season in the U.S., a lawyer for Forever 21 said at the company’s first bankruptcy court hearing, Bloomberg News reported. The company owed suppliers $350 million when it filed bankruptcy, Joshua Sussberg told Bankruptcy Judge Mary Walrath yesterday. Before it filed for chapter 11 on Sunday, Forever 21 signed deals with 136 suppliers who were owed $244 million to keep sending the company clothing, Sussberg said. The case is Forever 21 Inc., 19-12122, District of Delaware (Delaware).
