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VIDEO | 04:52
LA Times Today: Fast fashion pioneer Forever 21 files for bankruptcy — again

LA Times Today: Fast fashion pioneer Forever 21 files for bankruptcy — again

Watch L.A. Times Today at 8 p.m. on Spectrum News 1 on Channel 1 or live stream on the Spectrum News App. Palos Verdes Peninsula and Orange County viewers can watch on Cox Systems on channel 99.

Forever 21 has been a fast fashion staple for more than 40 years, offering trendy clothes at low prices. At its peak, the brand earned more than $4 billion in annual sales.

But, as L.A. Times reporter Caroline Petrow Cohen writes, nothing lasts forever.

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