U.S. fashion and footwear firms are in good shape, compared with other categories when it comes to corporate bankruptcies. Thus far in 2025, there’s been just two fashion firm bankruptcies with liabilities over 1 billion — Claire’s Holdings LLC in August and Forever 21’s U.S. store operator and brand licensee F21 OpCo LLC in March — according to S&P Global Market Intelligence. That’s just two fashion-related companies out of the 26 firms that filed with more than 1 billion in liabilities. High on this l ...