F21 OpCo, LLC, the company and licensee of the brand in the U.S., filed a Chapter 11 case in the U.S. Bankruptcy Court for the District of Delaware. Although stores will remain open for now, Forever 21, which is headquartered in Los Angeles, said it will hold liquidation sales at its U.S. stores.

Forever 21 is filing for Chapter 11 bankruptcy and is closing down all of its U.S. stores, including 15 locations in New Jersey

Forever 21 has filed for bankruptcy for the second time in six years and said that it would wind down U.S. operations a month after revealing it was weighing up options.