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Well Known Fashion House Yohji Yamamoto Bankrupt

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Yohji Yamamoto is a leading fashion designer and producer of trendy and well known brands of fashion in the Japanese fashion market.  The fashion house, which is based in Tokyo, Japan, has filed for bankruptcy on October 9th, 2009 while in debt over six billion yen.  This is due to the luxury fashion market suffering some of the worst low sales in recent history.

Although the bankruptcy is filed, the corporate rehabilitation law of Japan allows Yohji Yamamoto to continue business to restructure the company.  This means that Yamamoto will continue to work and produce great fashion pieces.

Source: Retail Digital

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