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Designer Yamamoto files for bankruptcy protection
Source: Agencies |
October 9, 2009, Friday
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Online Edition
Online Edition
JAPANESE fashion design house Yohji Yamamoto says it has filed for bankruptcy protection.
The company said yesterday its sales had been battered by sluggish demand amid the global economic slowdown with debts totaling six billion yen (US$67 million).
Under Japan's corporate rehabilitation law, the designer house will continue its businesses at home and abroad. The company said designer Yohji Yamamoto will continue his work.
The company said yesterday its sales had been battered by sluggish demand amid the global economic slowdown with debts totaling six billion yen (US$67 million).
Under Japan's corporate rehabilitation law, the designer house will continue its businesses at home and abroad. The company said designer Yohji Yamamoto will continue his work.
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