Since its inception, American fast fashion brand Rue21 has filed for bankruptcy three times, with the latest declaration filed this month. While the specialty retailer was able to rebound from the two previous setbacks, the latest announcement is likely to be the final nail in the coffin for the company’s future. According to a Reuters report, Rue21 plans to shut down all 543 US stores in the next two months. The teen fashion retailer will hold “going out of business” sales on a massive scale, also disposing of its intellectual property rights. The court documents have been filed for the same in the US Bankruptcy Court in Delaware. The post Rue21 Set To Shut Down After Filing For Bankrup
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