2009 October 9
Yohji Yamamoto Files for Bankruptcy
(NEW YORK) Christian Lacroix may finally be bailed out of his financial woes, but another iconic fashion house is just beginning. Yohji Yamamoto Inc. filed for bankruptcy protection in Japan on Friday, listing debts of six billion yen, equal to $67.8 million. According to a company spokeswoman in Tokyo, the company will continue to operate while under bankruptcy protection, though there was no word on how the move might affect Yohji Yamamoto’s collaboration with Adidas, Y-3.
Yamamoto showed his spring 2010 collection in Paris to a smaller crowd than usual, an indication of his scaling back. The collection was critically lauded, although some reviews noted a more commercial bent than his often conceptualized offerings--a move that should make "vacant" retailers (click here for The Daily's full "Who Shops at Yohji?" story) happy come spring.
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