Categories: Headlines

Muji’s US arm Files for Bankruptcy

Muji’s U.S. subsidiary filed for Chapter 11 bankruptcy protection, Reuters reports. The company plans to renegotiate its rent for its stores in the U.S. All 18 locations have been closed since mid-March due to the COVID-19 pandemic.

According to Retail Dive, the company has entered bankruptcy with more than $50 million in liabilities and more than 200 creditors.

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

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VMSD Staff
4 years ago

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