OLIVE des OLIVE

Woman and children's wear making and selling company "Belch out" (Kyotoshi Nakagyoku) that progressed popular brand "OLIVE des OLIVE" etc. to the teen-ager by about 70 shops in the department store and the station building in the whole country filed for court-mandated rehabilitation to the Kyoto district court on the 27th.
Liabilities are 16.1 billion yen according to agent's attorney. The unprofitable store is discussed according to the affiliate, and business is discussed in the new company in a liquidation high lingua and the continuing direction is discussed.

This company establishes for 73 years according to private credit research company's Teikoku Data Bank Kyoto branch. About 120 shops were temporarily developed, and there was sales of about 12.1 billion yen for the period on September, '08 also in foreign countries such as South Korea and China. However, the obligation comes to light in major investments etc. and the unlisted liability of about four billion yen comes to light up to about 10 billion yen in May, the enlargement lingua and others and 08 years. The correspondent financial institution has continued the conference aiming at the reconstruction.

Source
asahi.com http://www.asahi.com/business/update/0227/OSK200902270042.html