Luxury shopping mall files for Chapter 11 bankruptcy

With the retail sector continuing to see serious strain from growing operational costs and the rise of e-commerce, both shopping complex operators and brands that were once considered untouchable mall staples have all had to file for bankruptcy over the last year. Between the two of them, jewelry and accessories retailer Claire's and fast-fashion brand Forever 21 liquidated hundreds of stores after filing for Chapter 11 bankruptcy for the second time in 2025. Prom dress retailer Francesca's and fashion ...