Japan's 2020 corporate bankruptcies fall to 31-year low with government aid
The drop reflects the impact of the government's measures, including interest-free loans without collateral that helped small and medium-sized companies.
Kitchen equipment piles up as pandemic shutters Japan's restaurants
With businesses closing, recycling shops are buying up equipment to repair, clean and resell.
Bankruptcies in Japan's restaurant industry to hit all-time high in 2020
According to a survey, bankruptcies of companies with debts of at least ¥10 million from January to November stood at 792, an increase of 8% compared with the same period last year.
Japanese apparel maker Renown to enter liquidation as virus hits sales
Japanese apparel maker Renown Inc., which had sought court protection to revive its century-old business, will go into liquidation amid plunging sales due to the novel coronavirus pandemic, its lawyers said Monday. The Tokyo District Court last Friday decided to discontinue court protection after a ...
These are the airlines teetering on the brink of COVID-19 ruin
Having a home government with deep — and open — pockets is emerging as key in terms of whether an airline will make it through the coronavirus pandemic. Carriers in jurisdictions where there is scant support from up high are most likely to go bust, ...
Telltale signs that a business in Japan may be teetering on the edge of financial ruin
One reliable way to discern if the corporate ship is listing severely is to scrutinize the behavior of its president.
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 ...
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.
COVID-19 pulls the rug out from under workers' feet
And that may not be the worse thing that could happen to them.
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.
