Another one bites the dust. Apparently, the recession has hit hard for many, but Yohji Yamamoto in particular. The iconic fashion house, Yohji Yamamoto Inc., filed for bankruptcy protection months ago with a debt of about $67.8 million.
Integral Corp., a Japanese private fund, promised to take responsibility and help the company reroute and grow once again; however, something must have slipped through the cracks because the two New York boutiques have recently closed. Both the Grand Street and Gansevoort Street stores have paper over the windows and a “CLOSED” sign posted on the door.
Yamamoto reassured that these two boutiques in New York closing wouldn’t affect his scheduled shows in Paris.
Y-3, owned by Adidas, is a collaboration between Adidas and Yamamoto. Y-3 is on the Mercedes-Benz Fashion Week schedule for 5 p.m. on Sunday, February 14.
Source: The Daily
Photo Source: W Magazine
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