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Retailer Iwataya to seek 28 bil. yen debt waiver

FUKUOKA, Japan - Kenichi Nakamuta, president of Iwataya Department Store Co., speaks at a press conference in Fukuoka on Feb. 26 about the company's three-year restructuring program. Under the program, Iwataya will seek a debt waiver of about 28 billion yen from its main creditor banks.

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Retailer Iwataya to seek 28 bil. yen debt waiver

FUKUOKA, Japan - Fukuoka-based Iwataya Department Store Co. (photo), announces on Feb. 26 a three-year rehabilitation plan, under which it will seek a debt waiver of about 28 billion yen from its main creditor banks and will aim to restructure under the umbrella of major department store chain operator Isetan Co.

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Retailer Iwataya to seek 28 bil. yen debt waiver

FUKUOKA, Japan - Fukuoka-based Iwataya Department Store Co. (photo), announces on Feb. 26 a three-year rehabilitation plan, under which it will seek a debt waiver of about 28 billion yen from its main creditor banks and will aim to restructure under the umbrella of major department store chain operator Isetan Co.

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New coronavirus

Shoppers disinfect their hands at the entrance of the flagship store of Iwataya in Fukuoka's Tenjin commercial district on May 16, 2020, after the southwestern Japan department store fully reopened following the government's May 14 lifting of a coronavirus state of emergency in 39 of Japan's 47 prefectures, including Fukuoka. (Kyodo) ==Kyodo

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New coronavirus

Shoppers have their temperatures checked before entering the flagship store of Iwataya in Fukuoka's Tenjin commercial district on May 16, 2020, while observing social distancing. The southwestern Japan department store fully reopened following the government's May 14 lifting of a coronavirus state of emergency in 39 of Japan's 47 prefectures, including Fukuoka. (Kyodo) ==Kyodo

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New coronavirus

Shoppers have their temperatures checked before entering the flagship store of Iwataya in Fukuoka's Tenjin commercial district on May 16, 2020, while observing social distancing. The southwestern Japan department store fully reopened following the government's May 14 lifting of a coronavirus state of emergency in 39 of Japan's 47 prefectures, including Fukuoka. (Kyodo) ==Kyodo

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New coronavirus

Shoppers enter the flagship store of Iwataya in Fukuoka's Tenjin commercial district on May 16, 2020, while observing social distancing. The southwestern Japan department store fully reopened following the government's May 14 lifting of a coronavirus state of emergency in 39 of Japan's 47 prefectures, including Fukuoka. (Kyodo) ==Kyodo

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New coronavirus

Shoppers wait at the entrance of the flagship store of Iwataya in Fukuoka's Tenjin commercial district on May 16, 2020, as the southwestern Japan department store is set to fully reopen following the government's May 14 lifting of a coronavirus state of emergency in 39 of Japan's 47 prefectures, including Fukuoka. (Kyodo) ==Kyodo

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New coronavirus

Shoppers disinfect their hands at the entrance of the flagship store of Iwataya in Fukuoka's Tenjin commercial district on May 16, 2020, after the southwestern Japan department store fully reopened following the government's May 14 lifting of a coronavirus state of emergency in 39 of Japan's 47 prefectures, including Fukuoka. (Kyodo) ==Kyodo

E

New coronavirus

Shoppers disinfect their hands at the entrance of the flagship store of Iwataya in Fukuoka's Tenjin commercial district on May 16, 2020, after the southwestern Japan department store fully reopened following the government's May 14 lifting of a coronavirus state of emergency in 39 of Japan's 47 prefectures, including Fukuoka. (Kyodo) ==Kyodo