With the Koizumi apparel group acquiring core brands from Renown Inc., Koizumi Co. Chairman Isamu Uemoto has expressed his confidence in the revitalization of the labels.…
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Renown to go into liquidation
Japanese apparel maker Renown Inc. said that it will sell some of its main brands, including the D’urban suit brand, to an apparel group in Osaka for an undisclosed amount.…
Renown files for bankruptcy
Japan’s Renown Inc. part of Chinese fashion empire Shandong Ruyi, filed for bankruptcy with 13.9 billion yen ($130 million) in debt.…
Fashion rental services gaining ground among major retailers
Renting fashion is a growing trend among consumers and big retailers are now getting involved, appealing to the younger market in ways their stores no longer can.…