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Forever 21 Liquidation Sale Starts Today in Canada

Submitted by jhartgen@abi.org on

Forever 21 Canada is set to begin its liquidation sale today, shortly after the fast fashion retailer filed for bankruptcy protection in Canada and the U.S.  A sale order outlining the terms of the liquidation – which is expected to begin today — was approved by the Ontario Superior Court of Justice yesterday. According to court documents, the sale will wrap up by Nov. 30, but it could be extended or terminated early, if required. Forever 21 announced last week that it will shutter all 44 of its Canadian stores, the vast majority of which are unprofitable. Approximately 2,000 people work at Forever 21 stores located in Alberta, British Columbia, Manitoba, Ontario, Quebec and Nova Scotia.