Forever 21 has commenced a £30m stock clearance sale from its three remaining UK stores, as its administrators look to wind up the business here.
The retailer will be looking to liquidate all of its stock in its remaining three UK stores in London, Liverpool and Birmingham as the fashion brand looks to wind its operations in the country down following it filing for Chapter 11 bankruptcy in the US at the end of September.
RSM Restructuring Advisory was appointed as administrators on September 30 following the bankruptcy filing in the US.
Retail restructuring partner at RSM UK, Damian Webb, said he was anticipating “huge interest” in Forever 21’s closing down sale.
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