Muji U.S.A Ltd. filed for bankruptcy in a statement posted on Friday due to substantial losses from COVID-19.
The minimalist Japanese retail company under Ryohin Keikaku Co., selling everything from household items, to garments, furniture, stationary and more, aims to “restructure its businesses.”
A hotel chain in Japan is offering a unique, comfortable accommodation experience that is “anti-luxurious, anti-cheap.”
The idea is to provide travelers a basic yet stylish home-away-from-home in Tokyo, according to Soranews24.
Japanese company Muji, also known as Mujirushi Ryohin, became a huge success thanks to their minimalist concepts and designs.
Around two years ago, the company decided to extend their design capabilities to houses, which produced the project called “Muji Hut.” The hut was originally released as a prototype, but after customers took interest in the tiny house, the company took a u-turn and announced that their very first Muji hut is up for sale for $32,000, excluding other additional expenses.