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(CNN) -- Teen clothing retailer Forever 21 is preparing for a potential bankruptcy filing, according to several published reports.Forever 21, which is privately held, has more than 800 stores in 57 countries. And while many retailers have been paring back their network of stores in recent years, Forever 21 was adding stores as recently as 2016. It still has as many stores as it reported at that time.The ability to get out of leases and close stores at a lower cost is one of the advantages that the bankruptcy process affords to retailers.The company did not respond to requests for comment.Traditional brick-and-mortar retailers that specialize in selling clothes to teens and young adults have had a particularly hard time in recent years as younger buyers shift from mall visits to online purchases.Among the retailers in the segment that filed for bankruptcy and closed all their stores during the last five years are Wet Seal, American Apparel and Delia's. Aeropostale also filed for bankruptcy in 2016 but has kept some of its stores open.Many retailers have run into trouble due to being purchased by private equity firms or hedge funds. But Forever 21 is still owned by its founders, Do Won and Jin Sook Chang. A husband and wife team, the Changs immigrated from South Korea in 1981 and started the chain three years later with a single 900 square-foot store in Los Angeles and only ,000 in savings.Forbes lists the couple as having a net worth of .5 billion, and the privately-held company itself as having annual sales of .4 billion and 30,000 employees.Bloomberg reported in June that some members of Forever 21 management had asked some of its landlords to take a stake in the company as a way of coming up with funds it needs.Mall owner Simon Property Group, for which Forever 21 is a major tenant, took a stake in Aeropostale during its bankruptcy process. In July Simon Property CEO David Simon told investors it was open to working with other tenants facing trouble, without mentioning any by name."We'll work together on other distressed situations, and let's face it, there are some out there," Simon said. "But we're only going to buy into companies that, we think, have brands and that the volume that is worth doing it."But Bloomberg reported Thursday that Do Won Chang has been trying to maintain control of the company in any restructuring, and that his desire to do so has limited the company's ability to find funds it needs. 2469
(KGTV) - An 8-year-old boy who floated out to sea on a giant unicorn raft is safe thanks to a volunteer water rescue team. The Ohio boy, who was vacationing on North Carolina’s Oak Island with his family, was swept away by a gust of wind. He was blown nearly half a mile into the Atlantic Ocean. “From witness comments heard on the beach, and some witness comments we’ve read on social media, it happened suddenly when the wind pushed the raft from shallow water to deeper water in seconds. Once it was out past the waves, the big float acted like a sail and the unicorn float kept going away from the beach,” Oak Island Water Rescue reported. At least one person attempted to swim out to the boy but failed, said OIWR. When rescue teams reached the scene, they launched their boat into the surf and recovered the boy.The boy was safely reunited with his mother, OIWR said. "He was a brave one," rescuer Tony Young told 10News.WWAY-TV reports other floats blew out to sea several times last year, but this was the first time a child was still on board. “A strong wind gust can send a raft on the move. In fact, on days where we have a strong wind blowing toward the ocean, it is not uncommon for us to get multiple 911 dispatches for rafts blown into deeper water,” reported OIWR. OIWR recommends having children wear life jackets when they ride on rafts. Rescuers praised the Ohio boy's courage.“The young man did an amazing job of staying calm and remaining on the float. When Boat 4491 reached him, he told the crew not to pop the unicorn float or they would get in trouble.” Associated Press contributed to this report. 1631

(KGTV) - Heavy fog and thick mud were no match for Justify at the Pimlico Race Course on Saturday.The chestnut colt took the lead late in the race for a nailbiting ending and won the 143rd Preakness Stakes.After winning the Kentucky Derby two weeks ago and the Preakness Stakes on Saturday, Justify now moves on to the Belmont Stakes with the hope of winning the coveted Triple Crown.The Belmont Stakes take place on June 9. Justify will enter the race aiming to be the sport's 13th Triple Crown winner.American Pharoah is the most recent Triple Crown winner having won the title in 2015. Saturday was also a victorious day for Bob Baffert, Justify's trainer. He also trained American Pharoah. 701
(KGTV) -- A class-action lawsuit has been filed in Maricopa County against Dr. Mario Almanza, a doctor who performs weight loss surgeries in Tijuana.There are more than 20 people and businesses named in the lawsuit. It also includes an Arizona woman believed to have been recruited for doctors in Mexico. It alleges fraud and negligent misrepresentation.Jessica Ballandby is a plaintiff in the class action lawsuit. She also filed her own lawsuit against Dr. Almanza and his alleged recruiter, Sandy Brimhall.Ballandby, a mother of two, got weight loss surgery with Dr. Almanza back in Tijuana back in March 2014. She said she experienced problems almost immediately.“I woke up from surgery and was feeling the most pain I’d ever felt in my life,” Ballandby said. “You could literally take my hoodie and ring it out and blood was dripping from it.”Ballandby blames Dr. Almanza, who claims to be the leading weight loss surgeon south of the border. After her surgery, she thought the worst.“I’m going to die over here. I’m never going to see my family again,” Ballandby remembers thinking.She admits she did not think twice about surgery in Mexico.“I was thinking long-term effects of being able to support my two kids,” Ballandby said.It is expensive in the United States and the gastric sleeve procedure came highly recommended and referred by Brimhall. In a 2015 interview, Brimhall said she collected 0 for people she sent to surgeons in Tijuana. Brimhall was with Ballandby in Mexico and admitted there were issues with her surgery.“When she crossed the border, she was having significant problems so she went to another bariatric center in Scottsdale and they told her he had nicked her intestines,” Brimhall said.In the court documents, it alleges that Brimhall used “high-pressure sales tactics” on people like Ballandby looking to lose weight and recommended doctors like Almanza.The class-action lawsuit also named Fill Centers USA and claimed Almanza was working with the business. The attorney representing Ballandby said Fill Centers USA would arrange trips to Mexico and aftercare in the U.S. for patients who received the Lap-Band surgery.“It would be a quick in and out. The surgeries would be done by doctors who are qualified and competent and that’s not what happened,” said Ballandby’s attorney, Robert Gregory.A trip to the emergency room delivered devastating news to Ballandby.“Your spleen’s been cut,” she said doctors told her. “He’s like, you’re bleeding internally.”Ballandby said she is now 102 pounds and has trouble keeping on weight. She also lost hundreds of thousands of dollars. She said none of it was covered by insurance because she chose to have surgery in Mexico.Brimhall was a school principal in Arizona. A records request showed she used her district email to recruit for surgeons across the border. Emails showed Brimhall recruited hundreds of people, escorted them to Mexico, used district resources to transmit HIPAA protected medical documents and started a business, making professional referrals allegedly based on her own experience having weight loss surgery in Mexico.Team 10 has confirmed four Americans died after having weight loss surgery with Dr. Almanza. In January 2016 during an interview with Team 10, he said he had performed more than 14,000 surgeries. Currently, his website now says over 16,000 surgeries have been performed.Dr. Almanza told Team 10 in 2016, the only patients he knew who passed away after surgery were the ones featured in Team 10 stories. He believes his unhappy patients were bribed by a disgruntled employee who wants to ruin his reputation.Ballandby compared Dr. Almanza’s operation to a “pig farm.”“That’s what he’s treating human beings over there like," she said. "Just like a pig. Slaughtering them." 3805
(KGTV) -- A large Hollywood-style Trump sign caught the attention of drivers in San Diego County throughout the day Wednesday.The massive sign could be seen along I-5 in the Del Mar area and comes just weeks after a similar sign was placed along the 405 freeway in the Sepulveda Pass.It’s unclear who placed the sign on the hillside or when it will be taken down.Watch video of the sign from Sky10 below:A similar incident happened in early October as drivers noticed an identical sign along the 405.That sign was taken down by Caltrans. The agency told the Los Angeles times the sign was erected on private property."This was a life and safety issue because there were concerns about distracted driving,'' Lauren Wonder, chief public information officer for Caltrans, told the Los Angeles Times regarding the incident earlier in the month. 848
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