These Big Stores Are About To Shut Down This Year And Here’s Why

Published on 07/06/2021
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L’OCCITANE

L’Occitane is an internationally known retailer of body, face, fragrances, and home products that was founded in France back in 1976. For 45 years, the company has sold luxury products to clients in all corners of the globe. Sadly, at the start of 2021, the US part of L’Occitane filed for bankruptcy with the intention to close at least 23 of its 166 locations across America. They stated that most of their losses came from the recent global pandemic.

L' OCCITANE

L’ OCCITANE

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YouFit

Youfit Health Clubs was founded in 2008 and opened over 100 locations across 14 states in the USA. Unfortunately, YouFit filed for bankruptcy in November 2020 after they claimed to have greatly suffered because of COVID-19. Following this, it was announced that the company sold itself to a group of former lenders in exchange for debt forgiveness.

YouFit

YouFit

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