MUJI news and archive

Muji to appoint administrators for European subsidiary

Japanese retailer Muji has confirmed its intention to appoint administrators after media reports began speculating the possibility of a pre-pack administration deal for its European holding company. In a statement to FashionUnited, the company said: “Muji Europe Holdings (MEH), has announced its intention to appoint administrators. This is part...

Business

Nike, Muji, Calvin Klein parents groups lead stock losses on Chinese boycott fears

On Thursday, Nike (NKE) fell hardest among the Dow industrials, down more than 5 percent on news of a possible boycott in China. In a similar fashion, the operator of Japanese brand Muji saw its shares drop more than 7 percent in early trade Friday. Nike shares dived 5 percent on the Dow Jones Wednesday and ended the daily trading session...