Home breadcru News breadcru Company breadcru Berson files for bankruptcy

Berson files for bankruptcy

24 Mar '06
1 min read

Berson Japan Inc is filing a bankruptcy suit at the Fukuoka District Court as it is up to the neck in debts of over 2.4 billion yen.

The Fukuoka based company is the one that promotes the Van casual clothing brand.

Teikoku Databank Ltd, the research agency of the company, revealed that the overload of financial problems was a result of sudden and swift development of its retail chain.

Low garment sales in winter added to this crisis.

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!