TOKYO DISTRICT COURT TO DISCONTINUE PROTECTION OF APPAREL MAKER RENOWN INC.

Highlights –

• Tokyo district court to discontinue protection of apparel maker Renown Inc.
• The company will now go into liquidation as sales declined due to the pandemic.
• The company could not find a sponsor to help them with capital.
• The apparel maker plans to sell some of its major brands including D’urban and Aquascutum.

On Friday Tokyo District....