The Failure of the Forever 21 Empire

If the fast-fashion giant is going to survive bankruptcy, its idiosyncratic owners might have to give up control

Photo: Ryan Duffin for Bloomberg Businessweek

By Susan Berfield, Eliza Ronalds-Hannon, and Lauren Coleman-Lochner

Larry Meyer stood not-at-all-still near the entrance of Forever 21’s new store on Fifth Avenue. Twenty-four hours until…