JAPAN: Apparel Maker Corona Files For Bankruptcy Protection
Women’s apparel producer and retailer Corona on Tuesday filed for bankruptcy protection with liabilities of nearly $70 million. The Chinomiya-based operator of 20 stores blamed a weak retail environment in Japan for its woes. The company posted sales of $94m for fiscal 2002 compared to $726m a decade ago.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
- Steps to piloting living wage in garment factories
- Trump blows the case for Brexit out of the water
- How to ensure sustainability is more than a slogan
- Duty-free trade key to build Africa supply chains
- Bangladesh slips as US imports decline in October
- Taiwan textile maker investing in first US plant
- US Q3 in brief – Destination Maternity, Cherokee
- Outdoor apparel sector set for double-digit growth
- Myanmar garment industry "lacking labour rights"
- World cotton price prospects lifted again