Apparel to major "Renown" bankruptcy start decision to prospect a month later on November 2 days 16 hours 25 minutes
Bankrupt the apparel giant "Renown" is, it becomes clear that received the abolition decision of the civil rehabilitation proceedings from the court, became expected to receive the decision of the bankruptcy start to prospect for one month in the future.
Major brands such as men's clothing "Durban" have already been transferred to an apparel company in Osaka, and long-established companies that have been driving the Japanese apparel industry are expected to be liquidated.
Renown's sales dropped sharply due to the effects of the new coronavirus, etc., and in May it abandoned its own reconstruction, and under the application of the Civil Rehabilitation Law, the rehabilitation procedure was carried out under the trustee selected by the court. I was proceeding.
However, it was difficult to find a sponsor, and in August, it was decided to transfer five major brands such as men's clothing "Durban" and "Aquascutum" to a group company of Osaka's apparel company "Koizumi". It showed a policy to liquidate the company.
According to our stakeholders, Renown in the last month 30 days with, that it has received the abolition decision of the civil rehabilitation proceedings from the Tokyo District Court, was now expected to receive the decision of the bankruptcy start to prospect for one month in the future.
If the decision to start bankruptcy is received, Renown as a company will be liquidated, ending the long history of leading the Japanese apparel industry.