h.NAOTO founder announces that he is closing all brick and mortar stores in an effort to keep the brand alive in the face of a changing market.
The well known international Japanese fashion web shop MARUI One (aka MARUI Web Channel) has shut down their operations.
70s punk-inspired Japanese fashion brand Sexy Dynamite London has shut down.
The popular Japanese fashion brand Banana Fish has shut down without advance notice, leaving customer and staff in a state of shock.
A report from Yahoo Japan says that Italian luxury goods brand Versace is quietly leaving the Japanese market.