Mycal chief quits, Urano becomes new president

Mycal chief quits, Urano becomes new president

TOKYO, Japan - Kazuo Urano (R), the new president of Mycal Corp., the bankrupt supermarket chain, accompanied by his predecessor Kozo Yamashita, speaks at a press conference in Tokyo on Sept. 28. Yamashita, who resigned the same day, took over the company's presidency from Osamu Shikata on Sept. 14 when Mycal filed for court protection from creditors with 1,742.8 billion yen in debts.

Mycal files for court protection from creditors

Mycal files for court protection from creditors

TOKYO, Japan - Kozo Yamashita, president of Mycal Corp., speaks at a news conference in Osaka on Sept. 14 after Japan's fourth-largest supermarket chain operator filed for court protection from creditors under legislation for fast-track corporate rehabilitation, making it one of the biggest corporate failures in Japan.

Mycal chief quits, Urano becomes new president

Mycal chief quits, Urano becomes new president

TOKYO, Japan - Kazuo Urano (R), the new president of Mycal Corp., the bankrupt supermarket chain, accompanied by his predecessor Kozo Yamashita, speaks at a press conference in Tokyo on Sept. 28. Yamashita, who resigned the same day, took over the company's presidency from Osamu Shikata on Sept. 14 when Mycal filed for court protection from creditors with 1,742.8 billion yen in debts.

Mycal files for court protection from creditors

Mycal files for court protection from creditors

TOKYO, Japan - Kozo Yamashita, president of Mycal Corp., speaks at a news conference in Osaka on Sept. 14 after Japan's fourth-largest supermarket chain operator filed for court protection from creditors under legislation for fast-track corporate rehabilitation, making it one of the biggest corporate failures in Japan.