Yohiji Yamamoto Saved

BATD ON Oct 13, 2009 AT 9:45 am

Yohji Yamamoto

Yohji Yamamoto

On Friday we reported that Yohiji Yamamoto filed for bankruptcy, but now we hear the Japanese brand has been saved. They’ve found an investor; Integral Corp a Japanese private equity fund is set to finance the luxury fashion house’s restructure. “I’ve had my company for over 30 years, and I consider myself to be a designer first. I left many of the everyday business activities to others, but I think one reason that the company has come to this is that I left too much to others,” Yamamoto said at a press conference on Friday.

Shohei Otsuka, Yohji Yamamoto Inc.’s chief executive officer, recognised the “tough economic climate of recent years” as having a major part to play in the brand’s struggle; but the recession is also affecting Japan’s luxury market on a larger scale.

Related Posts Plugin for WordPress, Blogger...

Comments are closed.