Maruei applies for bankruptcy

The President of Maruei Clothing Store Co., Eisaku Orita announced that the company has applied Naha District Court. Oct. 15, for bankruptcy rehabilitation,

The company has 1.7 billion yen total accumulated debt. At the same time, the company sources have confirmed that all of its 15 stores located in Okinawa will continue business as usual, and the bankruptcy filing will cause no layoffs for the time being.