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Companies & Markets

Muji's US business seeks bankruptcy protection over coronavirus

Published Fri, Jul 10, 2020 · 06:49 AM
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[TOKYO] The US subsidiary of minimalist lifestyle brand Muji filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku said on Friday.

All 18 of Muji's US 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 in the United States, to file for bankruptcy protection.

REUTERS

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KEYWORDS IN THIS ARTICLE

Bankruptcy
Covid-19

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