Renown Under Reconstruction Contract with Sumitomo Mitsui Banking Co., Ltd.
Renown, a major apparel company that is proceeding with civil rehabilitation procedures, has a contract to receive up to 2 billion yen from a transaction bank in case of unforeseen demand for funds until the road to business rehabilitation is established. I announced that it was tied.
Renown, a major apparel company that develops “Durban” and “Aquascutum”, has suffered from sluggish sales due to the effect of the new coronavirus and has reached a dead end in management. We are continuing with the reconstruction, such as finding a sponsor at.
According to the company's announcement, the company has signed a contract with Sumitomo Mitsui Banking Corporation, a loan of up to 2 billion yen, in case of unforeseen demand for funds, in the process of paving the way for business revitalization. That is.
On the other hand, according to the trustee, several companies are claiming to be sponsors, so they will decide the sponsor after closing the bid on the 19th and examining the details of the support.