New York - The US-based fast fashion chain is reported to be leaving Taiwan after closing its last store in the country.

United States-based fast-fashion retailer Forever 21 will close its last remaining store in Taiwan before the end of the month, reports shared by ‘Taiwan News’ said on Friday.

Forever 21 entered the highly competitive Taiwanese market four years ago, opening their first store in 2015 in Taipei.

‘Apple Daily’ cited a staff communication explaining that over the past year, the business had not reached an ideal situation but registered continuous losses, leading to the painful decision to withdraw from Taiwan.

 

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