A Japanese high-fashion brand Yohji Yamamoto went bankrupt in Japan. The recent economic recession and the trend of cheap clothing stores such as H&M and Uniqlo were the major factors that lead to Yohji went bankrupt. Yohji Yamamoto, Issey Miyake and Rei Kawakubo are the main gurus of Japanese fashion. They are not only changing the fashion in Japan but also to Europe and America like Mr. Yamamoto himself, he is known as "Black Poet". The way he used the fabrics and design make him very popular in the 80s to 90s. SO, it is sad to hear this news. The bankruptcy only affects the shops in Japan, other markets will not be affected. That's sort of a piece of good news in the big bad news.