U.S. fashion retailer Forever 21 to pull out of Taiwan: reports

The fast-fashion chain opened 2 shops in 2015

Taiwan News
Date: 2019/03/01
By: Matthew Strong, Taiwan News, Staff Writer

A Forever 21 store overseas. (By Associated Press)

TAIPEI (Taiwan News) – United States-based fast-fashion retailer Forever 21 will close its last remaining store in Taiwan before the end of the month, reports said Friday.

The move will leave 58 people out of a job, less than four years after the company entered the highly competitive Taiwanese market, the Apple Daily reported.

The U.S. firm founded by a South Korean immigrant first opened a shop in June 2015 at the ATT 4 Fun shopping mall close to Taipei 101.

Just one month later, another three-floor store opened on the Taiwanese capital’s Zhongxiao East Road section 4, another popular shopping area.    [FULL  STORY]

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