Trendy Japanese lifestyle brand Muji files for bankruptcy in the US

• Japanese lifestyle brand Muji has filed for Chapter 11 bankruptcy protection in the US.
• The company said it would also close "unprofitable" stores and renegotiate rents of its 18 US locations.
• The brand joins J.Crew, Brooks Brothers, and JCPenney to have filed for bankruptcy in recent weeks. 
• Visit Business Insider's homepage for more stories.

Minimalist lifestyle brand Muji's US subsidiary has filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku Co said on Friday, joining the list of casualties from the coronavirus pandemic.

Ryohin Keikaku said Muji aims to close unprofitable stores and renegotiate rents in the United States, where its 18 stores have been closed since mid-March due to the pandemic.

See the rest of the story at Business Insider

See Also:

• Two of the UK's best-known high-street retail brands, John Lewis and Boots, slash more than 5,000 jobs combined
• High-end kitchenware chain Sur La Table files for bankruptcy and closes over 50 stores
• Masked waiters, cutlery in envelopes, and no loud music: How England's pubs and restaurants are coping now that coronavirus restrictions have lifted

SEE ALSO: These 21 retailers and restaurant chains have filed for bankruptcy or liquidation in 2020

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