ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Century-old apparel maker Renown files for bankruptcy

Coronavirus becomes final straw for Chinese-owned company

Apparel company Renown filed for bankruptcy protection on May 15 in Tokyo.

TOKYO-- Century-old apparel maker Renown said it entered bankruptcy proceedings Friday, becoming the first Japan-listed company to enter legal reorganization during the coronavirus pandemic.

Once one of the world's biggest apparel makers, the company has seen its revenue nearly cut off as department stores and retailers have shut their doors.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more