Forever 21

Can they keep the contagion at bay?

Forever 21, which said e-commerce made up 16 per cent of its sales, saw its revenue drop to $3.3 billion last year

From Forever 21 filing for bankruptcy to core sector output declining by 0.5%, here are the top 10 business headlines on Tuesday

Forever 21 has obtained $275 million in financing from lenders with JPMorgan Chase & Co. as agent, as well as $75 million in new capital from TPG Sixth Street Partners and its affiliated funds

Eight years and three partnerships later the American fast-fashion retailer has hit a fresh hurdle in the country. What went wrong?

The Birlas hope to get a grip on the slippery fast fashion market while the global label hopes to get third-time lucky with its Indian partner

Deal value is undisclosed; Aditya Birla Fashion will take over Forever 21's existing store network in India from the current franchisee Diana Retail