Muji U.S.A. Files for Chapter 11 Citing Pandemic Shutdowns
- Adds to 110-plus firms filing bankruptcy citing coronavirus
- U.S. business has been operating at loss for three years
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The U.S. entity of Japanese retailer Muji, known for its minimalist home goods, filed for bankruptcy, adding to a growing list of industry companies reeling from the Covid-19 pandemic.
Muji U.S.A Ltd., which is operated by Ryohin Keikaku Co., filed for Chapter 11 in Delaware, according to a filing. It listed assets and liabilities in the range of $50 million to $100 million, and estimated the number of creditors at 200 to 999.