As the string of bad luck continues to hit the Japanese fashion industry, yet another blow is being felt, this time by one of their own great designers, Yohji Yamamoto.
Semms that the designer has filed for bankruptcy protection in the Tokyo District Court. Reasons for the bankruptcy points to the brand's own aggressive spending which included expansions into the European and American markets, causing their debt to soar to more then sixty-five million US dollars.
Japanese company Integral Corp. has stepped in to finance the restructuring of Yohji Yamamoto Inc. while they sort out all their financial issues. Still, the company would continue to press on by continuing to operate in Japan and other international markets, which is good news for not only the founder and head designer, Yohji Yamamoto, but their 600 employees as well. The company manages several brands including, Yohji Yamamoto, Y's, Y-3, and his daughter's brand Limi Feu.
This is pretty sad news for Yohji Yamamoto whose pretty much a fashion legend in Japan, for he, Rei Kawabuko of Comme de Garcons and Issey Miyake are the people who brought Japanese luxury fashion to the world during the 1980s.
Information from http://tokyofashion.com/yohji-yamamoto-files-for-bankruptcy/