Muji's U.S. business seeks bankruptcy protection over coronovirus

RYOHIN KEIKAKU

10/07/2020 06:59

TOKYO, July 10 (Reuters) - The U.S. subsidiary of minimalist
lifestyle brand Muji filed for Chapter 11 bankruptcy protection,
its Japanese owner Ryohin Keikaku Co  7453.T  said on Friday.
    All 18 of Muji's U.S. 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 Inc in the
United States, to file for bankruptcy protection.

 (Reporting by Ritsuko Ando; Editing by Clarence Fernandez)
 ((Ritsuko.Ando@reuters.com; +81 3 6441 1743;))