Forever 21 (Bankruptcy)
Forever 21's 2019 bankruptcy demonstrates how fast fashion faces its own disruption from ultra-fast fashion. The retailer that disrupted department stores with quick trend copying was itself disrupted by Shein and online competitors even faster. Like a species that conquered through speed being outrun, Forever 21's advantage became its vulnerability when faster emerged.
Key Leaders at Forever 21 (Bankruptcy)
Do Won Chang
Founder
Key Facts
1984
Founded