On this day in fashion history

In 2009, after nearly 30 years operating there, Versace revealed it was set to pull out of Japan – ceasing all retail operations there by the end of that month.

The Italian label’s withdrawal, which included the closure of four standalone stores and its Tokyo office, appeared to confirm the consumer slump that was being experienced by one of the world’s largest luxury markets – and hinted that the recovery was not going to be swift.

Louis Vuitton also cancelled plans to open its largest store the Ginza district of Tokyo the following year; Marni closed a store in the Marunouchi area after nearly five years; while Chanel also closed a boutique in the southwestern district of Kyushu.

**Image: Starpulse.com

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One thought on “On this day in fashion history

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