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Focus has shifted to securing a potential debtor-in-possession loan to take the company to Chapter 11 reorganization, Bloomberg reported.
Most Forever 21 stores are located in Malls, including at The Greene Towne Center, Dayton Mall, Liberty Center, Jeffersonville Tanger Outlets and the Kenwood Towne Centre.
A bankruptcy filing would help the company shed unprofitable stores and recapitalize the business, the people said.
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