That clothing brand you loved is gone

The clothing brand left Brazil after bankruptcy in the country

Brazil is one of the best markets for companies that like to sell their clothes, after all, with a large population, the country is a strategic region for many retailers.

And the country has several brands that have proven themselves in the market and delight Brazilians. Just like there are clothing brands that have been successful and then gone, today we are going to talk about one in particular.

According to Exame, last year Brazil was surprised by the news that Forever 21 was closing all 15 branches across the country. A famous clothing brand in Los Angeles went bankrupt in the country and at the time they were having a super sale with up to 50% off.

The company appeared in 2014 and soon became popular among Brazilians. But during 8 years of activity, they encountered some problems. Due to high taxes, import and infrastructure costs, the final price had to be passed on to the general public, making branded clothing expensive.

DID IT JUST GO AWAY IN BRAZIL?

No, because according to O Globo news, due to the billions in debt since 2019, she has already had problems in the United States so much that she had to file for bankruptcy.

At that time, 350 stores were closed in several countries. Yes, a mega sale was introduced in Brazil. The stores involved in the inventory burn were: Bourbon, Guarulhos and Outlet Catarina in San Roque; in Shopping Catuai, in Londrina (PR); and in Recife (PE). The clothing brand company shines on the world stage.