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Companies

Japan suitmaker Renown struggles to grow under Chinese owner

Partnership with Shandong Ruyi leads to $49m in unpaid bills

Renown has troubles both at home and abroad, as its shops inside department stores in Japan have slumped.

TOKYO -- Renown, the Japanese brand-name clothier, has suffered consecutive losses because it cannot collect 5.3 billion yen ($49 million) in outstanding debts from its Chinese parent.

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