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.
The outbreak has inflicted widespread financial pain on global retailers, leading many such as J. Crew Group and Brooks Brothers to file for bankruptcy protection.
Ryohin Keikaku said the US filing will not affect its operations in other markets.
Separately on Friday, Ryohin Keikaku reported an operating loss of 2.9 billion yen ($27.2 million) for the quarter through May.
(Published 10 July 2020, 09:29 IST)