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Companies

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.

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