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Saturday, October 10, 2009

Bankruptcy News | Financial Woes for Yamamoto

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After the absence of a Paris menswear runway show and the ending of Yohji Yamamoto’s Y range, it is no surprise to find out that the fashion house is experiencing fiscal problems. Owing debts in excess of sixty-five million USD, Yohji Yamamoto Inc. has filed for bankruptcy protection through the Tokyo District Court. Although, Yamamoto and his employees will continue to work, Japanese company Integral Corp has stepped in to finance the restructuring of Yohji Yamamoto Inc.