Forever 21 is closing its headquarters and laying off employees amid financial struggles, fueling rumors of an impending bankruptcy. The apparel giant faces mounting challenges in a shifting retail landscape.
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A judge has approved Fisker’s bankruptcy plan, which is favored by car owners, allowing the electric vehicle maker to restructure and continue operations. The decision marks a critical step in Fisker’s turnaround efforts.
US pharmacy chain Rite Aid is set to operate as a private company following its emergence from bankruptcy, Reuters reports. The move aims to revitalize the business and improve financial stability.