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Yohji Yamamoto Files for Bankruptcy

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In the wake of one of the most memorable shows of New York Fashion week, Yohji Yamamoto’s Y-3 exhibition, news comes that the innovative Japanese designer has filed for Bankruptcy threatening the future of one of the most iconic labels of our time. While cited are debts of $68.7 million, the company plans to stay in operation under Bankruptcy protection.

Info: WSJ