HONG KONG/TOKYO -- Renown, a century-old Japanese apparel maker that went bankrupt last month, is on the brink of full liquidation, as it struggles to find a new sponsor and could end up being split up into pieces by brands and subsidiaries.
Companies
Storied Japanese apparel maker Renown on brink of losing its name
Century-old brand nears full liquidation as former Chinese owner faces own woes
Renown has solicited voluntary retirement from about 300 employees, a third of the group's workforce. (Photo by Kei Higuchi)
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