Muji's U.S. business seeks bankruptcy protection over coronavirus


  • Corporate News
  • Friday, 10 Jul 2020

TOKYO: The U.S. subsidiary of minimalist lifestyle brand Muji filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku Co said on Friday.

All 18 of Muji's U.S. stores have been closed from mid-March because of the pandemic, Ryohin Keikaku said.

The outbreak has inflicted widespread financial pain on global retailers, leading some, such as J. Crew Group Inc in the United States, to file for bankruptcy protection. - Reuters

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Muji , Chapter 11 , bankruptcy

   

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