According to Empire Data Bank of Japan, Japanese fashion brand PHENOMENON and SWAGGER designer Takeshi Osumi has filed bankruptcy protection for both himself and the brands. Despite ¥1.3 billion JPY worth of sales since 2007 (approximately $10.8 million USD), sources point to rising costs for shipping as well as cash-flow deterioration as reasons for filing. As it stands, both brands are currently in ¥47 million JPY-worth of debt (approximately $508,000 USD) as of this reporting.
- All Sections
HYPEBEAST 100: The innovators from all realms of creativity in the spotlight.
With in-depth interviews, focused features and fashion-forward editorials, our print publication features long-form coverage of the topics valued by readers.
Explore and be inspired by the latest women's fashion news and trends.