Fashion retailer Forever 21 may have to turn to Chapter 11 administration again if it fails to find a buyer for profitable leases, according to the latest reports.

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Catalyst Brands announced that as part of the deal, it has sold Reebok’s U.S. operations “and is exploring strategic options for the operations of Forever 21.” Pullig, the Baylor marketing ...

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Forever 21 is considering multiple options to turn around its business, which could include a second bankruptcy filing, ...

The company is struggling with competitive pressure in the apparel sector.

Should Forever 21's U.S. operating arm file a Chapter 11 petition, it wouldn't impact Authentic Brands' ownership of the brand's IP.