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Muji Operator's U.S. Unit Files for Bankruptcy

Muji Operator's U.S. Unit Files for Bankruptcy

   Tokyo, July 11 (Jiji Press)--The U.S. subsidiary of Japan's Ryohin Keikaku Co. <7453>, the operator of Muji brand household goods stores, filed for Chapter 11 bankruptcy protection in the United States on Friday, according to the parent firm.
   Muji U.S.A. Ltd., based in New York, effectively went under due to sharp sales declines stemming from store closures during the coronavirus pandemic, Ryohin Keikaku said Friday.

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AFP-JIJI PRESS NEWS JOURNAL


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