RAGS TO RICHES: THE STORY OF DO WONG & JIN SOOK, FOUNDERS OF FOREVER 21

Highlights:

• Unlike the story of most millionaires, the Chang husband-wife duo  came from poor families in South Korea, made it big in America and is now again on a downward spiral

• Rags to riches to a low phase again, Forever 21 is the mate...

RAGS TO RICHES – THE STORY OF DO WON CHANG, FOUNDER OF FOREVER 21.

Highlights –

• Do Won Chang is an American businessman who was born in Korea.
• He is the founder of Forever 21, a clothing retail store.
• Do Won Chang was born in a very poor family in Seoul, South Korea.
• Do Won Chang moved to California i...

FOREVER 21 AGREES TO SELL OFF ITS ASSETS FOR $81 MILLION

Highlights

• Sells off assets for $81 million

Forever 21 has got into an agreement with a group of companies to sell off its assets for $81 million, four months after filing for Chapter 11 bankruptcy.

According to a CNN source...

Closer Look at Fast Fashion III: Fast Fashion is hurting the planet

As our appetite for fashion increases every day, we are buying more clothes, almost 60% more than in 2000. In a bid to cater to our fashion consciousness, production of Fast Fashion is on a rise. The negative impact on our environment by the fashion industry is largely due to the production of Fa...

Forever 21 files for bankruptcy, adding to the retail apocalypse

Forever 21 Inc. Has filed for bankruptcy security, adding another big fashion trade to the tally of traders who couldn’t cope with high charges and heavy rivalry.

Court papers filed in the Bankruptcy Court for the District of Delaware show Forever 21 has projected liabilities on a...