In September 2019, the company filed for bankruptcy protection. The case was filed on September 29, 2019 in Delaware as case number 19-12122. The company announced that it was ceasing operations in 40 countries and closing most of its international and 178 of its US stores, while aiming to allow mall operators and landlords to have a stake in the company. The company plans to close most of its stores in Asia and Europe, and focus on the profitable core part of its operations in the US and Latin America.
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