Keeping up with today's economy is getting harder day by day and now, every millennial's favourite clothing brand, 'Forever 21', is reportedly filing for bankruptcy.

Source: Business Standard

According to reports, the clothing company is considering to file for bankruptcy due to a decline in cash flow and failed turnaround plans. Rumour has it that the brand is in talks about receiving funding and financial advisors are trying to work out a plan for them. 

Source: Apparel Resources

However, reports have also added that meetings with these advisors have been put on hold for now. Forever 21 is also looking out to apply for a debtor-in-possession loan. It basiclly means that the company will be forced to file for bankruptcy but will still manage to run their business while figuring out their financial woes.

Source: The Trendzalot

Of course, Twitter had to react to this news.

Forever 21 not so forever?