Forever 21 Closing Sale 2025 Dates. Catalyst brands is exploring strategic alternatives for the forever 21 operating company (f21 opco), including a sale, but also a bankruptcy as a last resort, per a source. Forever 21, operated by f21 opco in the u.s., is preparing to close at least 200 more stores and may initiate a chapter 11 bankruptcy process.

According to businessoffashion.com, at least 200 forever 21 locations will close. Forever 21 has often withheld royalties and rent payments elsewhere in order to keep them afloat, the report added.