Tokyo Fashion Week has its fair share of challenges, but insiders say it remains the place to go for IYKYK brands.

The Finnish brand's latest Japan opening is part of a wider plan to expand its footprint internationally, especially in the U.S. and Asia-Pacific markets, along with Scandinavia.

Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S.