Yohji Yamamoto Inc. Declares Bankruptcy

The worst of the global financial crisis may be over, but numerous companies are still feeling the negative effects of the sour economy months after the initial impact.  This Friday, Yohji Yamamoto Inc. declared that, in response to both the global market problems and the strength of the Japanese yen versus the dollar, the company has filed for bankruptcy.  Luckily the house will resume normal operations, a possible investor has come out of the woodwork, and Yamamoto will retain creative control – although we noticed he held back this season, showing something much more commercial (and thus more financially safe) than we expected.

Read the full story {The Cut}