bankruptcy

Business / Economy Oct 7, 2020

Coronavirus-linked business failures reach 600 in Japan

By industry, the restaurant sector was hit hardest by the virus crisis with 90 bankruptcies, followed by the apparel sector with 63.

National / Media | BIG IN JAPAN Sep 26, 2020

Telltale signs that a business in Japan may be teetering on the edge of financial ruin

by Mark Schreiber

One reliable way to discern if the corporate ship is listing severely is to scrutinize the behavior of its president.

Business / Economy Sep 2, 2020

Over 50,000 workers in Japan dismissed due to pandemic

The government is actively using its furlough subsidy system to support companies, and on Friday it extended the measure by three months until the end of December.

Business / Corporate Aug 21, 2020

Apparel maker Renown to sell D'urban and other brands, and go into liquidation

Failed Japanese apparel maker Renown Inc. said Friday it will sell some of its main brands, including the D'urban suit brand, to an apparel group in Osaka for an undisclosed amount. Renown is likely to go into liquidation after the planned sale of its brands ...

Business / Corporate Aug 11, 2020

Bankruptcies in Japan edge down in July despite COVID-19

The data suggests that government measures may be helping keep businesses afloat amid the pandemic.

Business / Corporate Aug 5, 2020

Virgin Atlantic files Chapter 15 petition to aid U.K. rescue

The firm's reservations are down 89 percent year-on-year so far in 2020.

Business / Corporate Aug 3, 2020

Japan sees more than 400 coronavirus-linked corporate failures

The number of corporate bankruptcies triggered by the spread of the novel coronavirus has exceeded 400 in Japan, Teikoku Databank Ltd. said Monday. More and more restaurants and hotels have been forced out of business due to voluntary restrictions on going out, according to the ...

National / Media | BIG IN JAPAN Jul 11, 2020

COVID-19 pulls the rug out from under workers' feet

by Michael Hoffman

And that may not be the worse thing that could happen to them.

Business / Corporate Jul 10, 2020

Muji U.S.A. files for bankruptcy, citing pandemic shutdowns

Muji’s U.S. unit joins more than 110 companies that have declared bankruptcy in the U.S. this year and blamed the coronavirus crisis in part for their demise.

Business / Corporate Jul 2, 2020

NPC, top U.S. franchisee of Pizza Hut and Wendy's, files for bankruptcy

The plan is to reduce the company’s debt and sell some of its restaurants, starting with Wendy's, court papers show.

Business Jul 2, 2020

Coronavirus-linked business failures top 300 in Japan

The number of corporate bankruptcies linked to the coronavirus has surpassed 300, leaving more than ¥200 billion in liabilities, according to Teikoku Databank Ltd. Many companies were forced out of business, with the pace of recovery from the coronavirus fallout having been slow especially for ...