Business As Usual For Muji Singapore And Malaysia

Muji, a trendy Japanese lifestyle brand has filed for bankruptcy in the United States! The company filed for Chapter 11 bankruptcy protection in the US on July 10. This is one of the casualties from the ongoing coronavirus pandemic after J. Crew Group and Brooks Brothers.

 

Reuters reported that its owner, Ryohin Keikaku Co, aims to close unprofitable stores and renegotiate rents in the States. !8 stores have been closed since mid-March due to the pandemic. However, Ryohin Keikaku clarified that the filing in the US will not affect its operations in other markets.

 

signs

Image source via giphy.com

That being said, business in Singapore and Malaysia will be as usual reported Channel News Asia. Muji Singapore spokeswoman said that the country’s operations were helped by the Government’s Covid-19 relief measures where S$93 billion were spent.

 

“We are able to receive rental rebates that could relieve some of our heavier costs temporarily,” the spokeswoman said in response to queries from CNA. The spokesperson assured their corporate and media partners that the business operations in Muji Singapore and Muji Malaysia will be as usual.

 

muji stores in Malaysia and Singapore not affected by US bankruptcy filing

Image source via Facebook

As stores reopened post-circuit breaker period, sales have increased to about 60-70% compared to the same period last year. This is following a 2-month of zero sales due to the lockdown measures. Muji’s sees online shopping will be the new normal and has plans to launch its own e-commerce platform.

Cover photo via Facebook

 

 


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