is a

Japanese Japanese may refer to: * Something from or related to Japan, an island country in East Asia * Japanese language, spoken mainly in Japan * Japanese people, the ethnic group that identifies with Japan through ancestry or culture ** Japanese diaspor ...

company mainly involved in

textile Textile is an Hyponymy and hypernymy, umbrella term that includes various Fiber, fiber-based materials, including fibers, yarns, Staple (textiles)#Filament fiber, filaments, Thread (yarn), threads, and different types of #Fabric, fabric. ...

and clothing production. On May 15, 2020, Renown filed for

bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the deb ...

after it struggled to collect substantial debts owed to them by their Chinese owner and the

COVID-19 pandemic The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...

hit sales sharply.

Operations

Renown also operates

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholes ...

stores throughout the world. It also has interests in store design, real estate, and

food processing Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing takes many forms, from grinding grain into raw flour, home cooking, and complex industrial methods used in the mak ...

. As of 2009, the company had 51

subsidiaries A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...

and six associated companies. Le Mans-120121-0073FP

Motorsport

Renown is perhaps best known outside of their home country for having sponsored

Mazda is a Japanese Multinational corporation, multinational automotive manufacturer headquartered in Fuchū, Hiroshima (town), Fuchū, Hiroshima Prefecture, Hiroshima, Japan. The company was founded on January 30, 1920, as Toyo Cork Kogyo Co., Ltd. ...

from the late 1980s to the early 1990s, with their branding (as well as that of their

sportswear Sportswear or activewear is athletic clothing, including footwear, worn for sports activity or physical exercise. Sport-specific clothing is worn for most sports and physical exercise, for practical, comfort or safety reasons. Typical spor ...

brand, Charge) appearing on the 1991 Le Mans-winning

Mazda 787B The Mazda 787 and its derivative 787B are Group C sports prototype auto racing, racing cars that were developed by Japanese automobile manufacturer Mazda for use in the World Sportscar Championship, All Japan Sports Prototype Championship, and th ...

References

{{Authority control Retail companies established in 1947 Japanese companies established in 1947 Retail companies based in Tokyo Shinagawa Companies of Japan Manufacturing companies of Japan Clothing retailers of Japan Companies that have filed for bankruptcy in Japan