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

Rudderless leadership finally crashes Japanese clothier Renown

'Buddy-buddy' management style left group vulnerable to COVID-19

Renown sold the Aquascutum brand in 2019 due to its consistently poor earnings.

TOKYO -- Japanese apparel maker Renown's bankruptcy filing to the Tokyo District Court last week was actually prepared by a subsidiary because of disarray among the parent's management, according to people familiar with the matter.

Sponsored Content

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

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